Thanks for the links, guys. The thing is, I keep my folders on the C:\ and desktop. Changing the default location of the user folder isn't what I'm looking for, nor is having the library folders point to user folders. I don't want anything to do with the user folders if I can avoid them.
Back in XP, I used to hack the classic start menu with a resource editor. I would remove every item on the menu except programs, then add only the folders I wanted. It was nice and minimal, and fully customizable.
I guess what I'd like to be able to do, is take any random 2 or 3 of the folder shortcuts on the start menu, and change their titles and where they point to.
I'll have a look at explorer.exe in the resource editor and see what can be done about the shortcut names (does replacer still work in 7?). But I'm guessing changes to the shortcuts' destinations will have to be done in the registry somewhere...