How to get iTunes 11 to Group by Album Name
Solution 1:
In general, you're already using the correct way to sort by album name. Click "Music" then, "Albums"
The problem you're seeing with compilations being shown multiple times for each artist has always been a problem even in older versions of iTunes. In order to fix this, you'll need to modify the Album Artist field in the track info.
To do this, press ⌘+i (Ctrl+i on Windows), then put “VA” into the Album Artist field (Note: using “Various Artists” or any matching string should also work). You can select multiple tracks with ⌘+Click (Ctrl+Click on Windows) to edit many tracks on the same compilation at a time.
Solution 2:
Have you checked the Compilation tag for these albums? Find all the tracks for an album, select them, and press Command-I. Click on the Options tab, then, next to Part of a Complication, select Yes. Click OK.