1. go to C:\Documents and Settings\yourusername
using your file explorer.

2. the top menu click tools->Folder Options

3. Click on the View tab

4. look in the options you will find 2 ;
- Hide Files and Folders (set it to Show hidden files..etc)

- Hide protected operating system files (uncheck that one)
Click OK or Apply to see effect. Click apply to all folders on top if you wish the same to be applied to all folders on your pc.

there you go, you have exposed favourites in full glory :) , and pretty much every hidden file in that folder.

hope this helps.