In the Character Window all fonts are listed in line with various font styles, this makes the list much much longer, in the past versions of photoshop my experience was that the parent font is in the list while font styles (Bold, Italic, etc) are specifically in the font style drop down. I dont know how to make it that way again.
There have been several threads about this issue (see Typefaces by family gone???). Lots of people (including myself) don't like it either. For now, it seems you have to use an older version of Photoshop to make it work the proper way.
Thank you! I apologize for not finding that on my own, I did some searching but I guess I was looking under incorrect terms