Remove Redundant Folders From Extraction Path

I am requesting an extraction feature option in 7-zip to make it more convenient when extracting files:
Remove Duplicate/Redundant Folders From Extraction Path (this is similar to the WinRAR extraction option)

This is what the feature does (taken from WinRAR change log):

3.60

New "Remove duplicate folders from extraction path" option in "Settings/Compression" dialog.

If this option is on and you unpack an archive which root folder has no files and only one 'somename' folder and if destination folder is new or empty and also ends with '/somename', WinRAR will exclude one 'somename' from resulting 'somename/somename' path.

3.90

"Remove duplicate folders from extraction path" option in "Settings/Compression" dialog is replaced by more universal "Remove redundant folders from extraction path" option. This option will eliminate redundant archive name based folders from extraction path if you unpack an archive with "Extract to DestName\" context menu command and if archive root folder contains only one folder and no files.