To get around this, you can simply fill in the album info. You can use Unknown Album (my personal choice), a single space, or anything else. I organized my library by album in normal view, selected all tracks not having any album, and changed the album tag to " " (single space, no quote marks). This has two benefits -- first, all tracks that had no album info are now grouped together the way they should be, and second, iTunes simply shows the just artist name instead of Artist - Unknown Album in either view.
[robg adds: This is an alternative to the method suggested in this hint.]

