Yellow Lemon Software has updated FolderGlance
(http://www.scsc.no/products/folderglance/), a utility for browsing
files and folders directly from the Finder’s contextual menus, to
version 2.5.6, which adds the ability to colorize file names based on
Finder labels. It’s also updated for Mac OS X 10.6 (“Snow Leopard”).

FolderGlance is Universal Binary so runs natively on both PowerPC and
Intel Macs. The app lets users preview files directly from the
contextual menus, as well as move, copy and make aliases of selected
files at locations they browse to.

FolderGlance 2.5.6 requires Mac OS X 10.6 or later. It costs US$20.