Moving the Favorites Folder
As long as you use Windows Explorer to move the Favorites
folder, Windows will update the internal fields that identify it. Suppose the
current Favorites folder is C:\Windows\Favorites. Right-drag this folder to the
location you want to use instead, and choose Move here from the menu that pops
up when you drop the folder.
Otherwise you can edit the registry and navigate to
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer\User Shell
Folders. In the right-hand pane, the value named Favorites should contain the
full path for the Favorites folder. Double-click it and change it to the correct
location.
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