P: "Quick Export As PNG" Used to save in same folder as current image. Not any more!

For you they might be different file types, but for the next guy not. So my point stands: there has to be rules. Should it overwrite or not?

I'm not the OP on this topic, but what I want is for the "Quick Export as PNG" option to export to the same location that the current PSD file is saved. There's no conflict about it overwriting a file, as they are two different file types. 

It's still not entirely clear what you want. Let's look at your three-options list above:

1) "Export assets to the location of the current document",

2) "Ask where to export each time" and,

3) "Export files to an assets folder next to the current document"

So 1 and 3 are identical, except for the Assets folder. Have you considered what should happen if your exported file is the same file format as the original, i.e. jpeg or png? Should it overwrite? with or without warning?

That's the point of the Assets folder: it protects the original.

I desperately need this fix too. It makes for such a clunky workflow now! @BrettN Is this issue still on the table for the Quick Export preferences?

Yes, it seems a simple thing to (re-)implement, but Adobe is so busy adding new features that they are not paying attention to things that simplify workflow. Annoying.

I'm really disappointed that this is still an issue in 24.1.0

i agree with @jyunte9 !! since adibe changed the export as to recent location my work as supervisor, slowed down tremendously, i had to reinstall an earlier version of photoshop. when you review so many PSD files in many locations, and aplly changes to them, the export is so annoying with the new settings, i really hope you would change it back!

It seems clear that something is not working correctly with the Export dialog settings. Adobe has given us settings to change the default location of exported files, but those options are inconsistent between the two Export options and they don't seem to work correctly for all users. I have previously given a suggestion on the 3 options that should be selectable by the user on where to export files which, if correctly implemented, would cover all of the options a user would want, specifically:

1) "Export assets to the location of the current document",

2) "Ask where to export each time" and,

2) "Export files to an assets folder next to the current document"

Number 2 would, I assume, default to the last folder used.

@jesseB82A This should be the behavior. Are you using the latest version of Photoshop? Do you have the correct Preference setting selected? Make sure that the Legacy option is off as well.