Ability to reduce the size of Swatch Panel so that ONLY Recent Swatches are shown

[troyjack]

Currently, the swatch panel will not reduce to only show the small strip of recent colors. I prefer to remove the swatch libraries because they add no value to my work, but that leaves a large intrusive blank space.

I would like to see see the ability of the swatch panel to be collapsed to only show the small strip of recently used colors.