No, you cannot, but you can at least order the languages to your liking:
That would require multiple keypresses to get back to the one you were using before. However you can use +⇧+ to cycle backwards. So if you order the languages so that the two you most often switch between are up top you can just use + to switch once and +⇧+ to switch back.
You can also access the old hot key options by clicking "Advanced settings" in the sidebar of the Language settings:
And then "Change language bar hot keys:
Here you can at least set hot keys for switching to certain languages/layouts just like before (and get rid of that annoying Alt+⇧ hot key):
I liked the way it worked in Windows 7, where this shortcut was previewing the desktop. Isn't this possible in Windows 8? – Iulian Onofrei – 2014-07-21T08:50:19.250
1That's bad, I really don't want to have 2 languages that can be used to input English at the same time. And switching to one takes you to cycle between 2 of them, switching to another makes you to do only one switch. It gets annoying really fast. – eiennohito – 2012-11-08T07:01:00.820
I'm afraid I don't really understand what you just tried telling me. – Joey – 2012-11-08T07:01:49.443
I'm trying to ask one more question right now that tells about underlying problem. It is a bit complicated. – eiennohito – 2012-11-08T07:03:43.047
See the latest edit, maybe that is of some help. – Joey – 2012-11-08T07:08:37.827
I knew about switching to certain layouts\input methods. This is an option, although you still need to get used to it. – eiennohito – 2012-11-08T07:12:39.813
I once set that up and never used it again, so I know what you mean. But I still consider Win+Space a much better option than Alt+Shift ever was, so it's at least an improvement. – Joey – 2012-11-08T07:21:46.827
I hit some sort of bug with switching to certain layouts that stopped me using that feature. I don't remember certainly what it was, but it didn't work at all in some cases. – eiennohito – 2012-11-08T07:26:48.193