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I haven't test I color folder but I thinks that it could be interesting, nevertheless I use tortoise CVS and SVN which already change a little my folders icons to inform if it is committed or if something has changed since last update. Is iColorFolder compliant without problems or it replace the Tortoise icons by its icons.
Thanks a lot
The method used by iColorFolder to change the icons (modifications to desktop.ini) should make TortoiseSVN compatible with iCF — although I never actually tried.