I've just started to use this, I think it will be very helpful. Two quick questions though;
1) I see the "Colour Coding" Inherit option, but is there a way to make all subfolders use this option? E.G. set the colour for a working folder and force all its subfolders inherit its colour?
2) Is there a way to reset the colour back to none?
1). This setting has to be set for each folder separately.
2). Clear the color (erase everything in that field).
If you haven't done so you might also want to check out the friendly names option in the M&F Configuration.