SQL Server 2016 - A different installation experience

SQL Server 2016 has just been released and it introduced a different installation experience. Management Studio is no longer part of the main installation process, .i.e not a built-in feature for you to select in the installation wizard.

SQL Server Management Studio (SSMS) is now a stand-alone tool with new installation UI as well.

One annoying thing is that it does not allow you to specify the installation folder.