Just for future reference... your "Favorites" folder is just that, a folder.
If you're going to reinstall Win7, or upgrade hardware, or whatever, and you want to preserve your current Favorites (and everything in that folder) so that you can get it all back when you're finished with your reinstall/upgrade, just copy it as a complete folder! COPY it to a second hard drive, USB drive, or COPY it to a CD/DVD, using real COPY (via Windows Explorer, Free Commander, etc.) and then PASTE into your destination.
When you're ready to bring it back in, go to your current Favorites folder, DELETE EVERYTHING THAT'S THERE RIGHT NOW, and then COPY BACK from x:\Favorites on your backup source to the Favorites folder on C:\Users\<username>\Favorites.
It's just a folder, like any other folder... except that it is used in a special way by IE.
Avoid SEND TO... when it's just a folder/file that you want to COPY from a source to a destination. Use COPY/PASTE. Or, use
Free Commander (or similar) with two panes, source and destination.