For the longest time having POP3 messages stored in one large file bothered me. I found out however that you can easily convert the single file storage into Maildir style storage with fetchmail and procmail. Here are the steps I used to fetch mail from a POP3 mailbox and store the messages in Maildir style folders.
1. Fetchmail setup
The following configuration file for fetchmail will pop all the mail off the server and purge it so be careful. The main thing to notice is the mta line at the end that calls procmail.
set logfile /tmp/fetchmail.log
set no bouncemail
mda "/usr/bin/procmail -m /directory/to/procmail.conf"
2. Procmail setup
This is a very simple Procmail configuration file. It stores everything in on directory called Mail. The main thing to notice here is that there is a / at the end of the directory.
3. Running fetchmail
Now all you need to do is run fetchmail with the above configuration file:
/usr/bin/fetchmail -f fetchmail.conf
Doing this should result in a number of files stored in your Mail/cur directory if there are messages on the server.