NewFolderEx allows you to quickly add a menu item to the right-click context menu as well as assisting in new folder creation.
What NewFolderEx does is makes it possible for you to quickly create a new folder eliminating the extra step of using the default shortcut or waiting for the "New" sub-menu to open up. Skipping those steps will save some time when you are organizing your files, no matter if on your Desktop, in explorer or the "save as" dialog. Keep in mind that there is no interface, so all functions are carried via right-click within a folder or on your desktop.
The new folder menu item will be visible when selecting a folder in the Explorer tree with the right mouse button but will create the folder in the selected folder. All Windows rules still apply, NewFolderEx will only create folders where the current user has permissions.