I am not sure how I can upload a screen-shot here.
I am on Intranet this is why I may not be able to try much.
In Windows XP, Windows Explorer, in the menu bar, there were five menus.
File, Edit, View, Favorites, Tools, Help. Similar to internet explorer.
Using Favorites menu I was able to access any of the folder which may be inside 4-5 folders.
This is how it used to save me time.
Because opening 5 folders takes longer.
What I used to do is - go to C Drive --> "Documents and Settings" --> Favorites and paste the shortcut of the desired folder there.
Once this is done I can see all the shortcuts by clicking on Favorites menu.
In Windows 7, Internet Expolrer has this feature but not windows explorer.