Move up one folder level and open in a new window

Hello,
I occasionally find myself needing to move a file up one level in the directory structure. Which means I need to open the current folder's parent folder in a new window. If I set Tools > Folder Options > Open each folder in its own window, then an alt-up does indeed do this, but I don't want Open each folder in its own window always on.

Is there some other keyboard shortcut I can use other than alt-up to open the parent folder in a new window?

My current workaround is to use the unintuitive navigation pane as a destination for file moving/copying. I suppose I could also use cutting and pasting of files instead.

Is it possible to customise any of the right-click-contextual menus in Windows 7? If I right-click on any of the 'breadcrumbs' in the top of a window, it gives me four completely useless options such as Copy Address and Delete History. I do wonder if the idiots who create Windows 7 ever actually use it. An obvious thing to have in this contextual menu would be 'open this folder in a new window'. Is there any way to add something like that?

Thanks in advance for any suggestions.

- Paul

Thanks, Strollin.

It's the fact that the navigation pane only shows folders, not files, that I find odd and unintuitive. I don't know why Windows doesn't just copy the Mac's straightforward system of folder/file hierarchies, all in one window, and do away with the navigation pane nonsense:

I use Windows, Mac OS X and Linux Mint, they all do things a bit different but I don't have an issue with the Windows Folder pane and right-click, Open in new window. Mac OS X gives me a choice to open in a new tab. Linux Mint gives me a choice of new tab or new window. On Mac I can right-click the Finder icon on the Dock and choose a New Finder window.