I'm sure it's been brought up before, but ye olde search didn't find anything. Maybe I'm overlooking a magic macro somewhere too. Anyway....
It would be heavenly to refresh the Favorites menu without restarting K-M after moving or modifying links.
Bookmark management is the only thing that makes Firefox look better from some angles. But more satisfying than that is re-organizing simple URL files with a good file manager.
A.K.A. Arual the Wyrd