A well written and comprehensive tutorial-thank you. I had answered this
question, but had long forgotten the option to have Favorites as a button. I
keep the Tool Bar area lean and mean, relying on Right-click to select many
of the  options.
But (Of course there's a but:)) I take exception to the ..."no need to
access...Explorer..." sentence.
I access favorites almost exclusively from a quick launch shortcut to the
Explorer folder. I have hundreds of folders, each containing many favorites,
and access is much faster than the extremely slow scroll of the Toolbar
access button.
I have this folder set to "List" view, which shows about 120 folderat a time
on my 1152 x  864 19" monitor. Scrolling is sideways with my wheel mouse.
Incidentally, I picked up this (Fifth?) way to display favorites frrom
Lockergnome: Start/Run, type  iexplore -channelband displays a vertical
favorites list on the desktop. Not helpful for me, but it might be useful
for some.
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There's really no need to access you Favorites in Windows Explorer unless
you want to do some serious reorganizing, which you will sooner or later.

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