Windows7 feature request list
Windows Early Feedback program の危機? - NyaRuRuの日記経由Vistaの次のWindows、「Windows 7」に搭載したい機能リストが流出 - GIGAZINEで
仮想フォルダ
なるものを見て、もしかしてこれはOSR's ntfsd List: Feasibility of FUSE for Windowsで言及されている
Microsoft Research at one point had a framework conceptually similar to what you are describing. I tried to find it on their web site but did not find anything obvious (which is not to suggest a more thorough search would not turn it up.)
というのでは、とWindows 7 feature request list leaks out - Engadgetを見たら
Virtual folders/volume for removable medias - for exploring the /searching or files
あー残念。たぶんぜんぜん違います。