on win xp. navigate to:
"[Drive]:\Documents and Settings\[Username]\Sendto"
on vista or 7 the folder should be at:
create a new file called "SendTo.cmd", place the following line of code inside it and save:
@cmd /a /k cd /d %~d1%~p1
what this commands does is:
echo off, open cmd.exe with ansi output, carry out a command and remain, change directory to the first input file's drive and path
now every time you right click a file or a folder and call "Send To -> SendTo.cmd" you will have a command prompt with its parent folder open.
right clicking + "sendto.cmd" any file or sub-folder in "c:\windows\system32\"
will open a command prompt showing: