Works nice for folders
But the place I've found 'copy as path' to be most useful is when trying to run an application as admin. The function works on the task bar and in the start menu as well, not just in Windows Explorer. So if you need to run, say, Active Directory Users & Computers and a bunch of other crud with admin rights you can just copy as path them into a command prompt you've already opened with admin rights and launch them that way, thus avoiding having to enter credentials a zillion times, especially if you haven't turned off the nag feature within VISTA.
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