The "Read Owned Entries" permission is useless, as it stands now. If you have the permission set on a folder for a user, the user cannot see that folder, much less any owned entries within. The user must have the "Read" permission to see the folder, which defeats the purpose (multiple users having access to a folder, but can only see their own entries). Given that this is something that is supposed to currently work, I hope that it is somewhat of a priority. This is important for me due to workflow and security needs. I have had an SR open for the issue, and the bug was confirmed.