TotalFinder
Full user review
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"Beyond excellent"
Summary
This review was originally posted on VersionTracker.com.
This should get some sort of prize.
If it is kept free, I think it will enjoy very widespread use. This is fantastic.
I've hacked little applescript applets to open Terminal and iTerm windows in the same directory as displayed in Finder, and the inverse. That would a nice additional, presumably minimal bloat feature.