Ha...I've been using that for years
. Great tool, IMO.
I keep over 1,000 favorites as ready-reference material and I use AM Deadlink to help me check the connections which are outdated, involve redirection, etc.
Another little program that I find useful is Bookmark Wizard,
I use it to manufacture an .html list of the links I described above, which I can then put into alphabetical order and quicly find any link that I want (rather than scrolling through IE's favorites listing).
I'm sure there are other tools like these that may be faster/better...I'm lazy and these two do what I want done