Folder Guide is a free handy utility that provides fast access to your frequently used and favorite folders with a single click. After quick install it will appear in context menus of Windows Explorer and Open/Save dialogs as "Folder Guide" item. It also works from the desktop, the Start button. With Folder Guide, you no longer need dozens of mouse clicks to navigate to your desired folder.
It's a freeware, you can see it at http://www.freeware365.com/desktop/folderguide.htm.