Baaack to the top ...
Binoculars : you said,
Umm, next question; How do we do the same thing to Favorites in IE?
Well in
IE 6 you can do exactly the same thing!
Click on Favourites/Organize Folders. Then select, Create Folders eg. Aviation, News, Search, Weather, Work, Smut, Humour etc.
Then use the ‘Move To Folder’ button (still in Organize Favorites) to put your favourite links in the appropriate folder.
The list does cascade automatically and it beats the endless list that goes off the bottom of the screen.
Hope this helps.