If you've used Windows Vista for 5 minutes, you'll have seen the Favorite Links when browsing around your filesystem. What is annoying is that by default the favorite links doesn't include enough useful links.

Here's the default links list (I'm sure you have seen this)

If you want to add a new link to the links bar, all you have to do is drag and drop the folder onto the links bar. I'm going to add my Computer link to the menu:

Now, it shows up in the list:

Much better!

Managing your links is extremely simple. Just open up your home directory by clicking on your icon on the start menu. You'll see the LInks folder:

This folder contains all of the shortcuts to your favorite locations.

To remove an item from the list, you can either right-click the item and choose Remove Link, or just go to your Links folder and delete it from there.