WinMend Folder Hidden
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Full user review
This is the first product i've ever seen which can hide both files and folders.. simple yet attractive interface, its color can be changed.
Nothing found till now. Does have too many features, but its free....
U can give it a try....
read the review at http://www.softpedia.com/reviews/windows/WinMend-Folder-Hidden-Review-114601.shtml.