This comment reminds me when Apple revamped Finder to include "All My Files". To me it felt like they were giving up. "FINE! Can't find something? HERE'S EVERYTHING!"
These sort of pseudo-directories honestly bother me more than just plain old hierarchy. For example on Windows, "This PC/Documents" is really "%userprofile%/Documents", but to get to %userprofile% you have to go to C:\Users\<username>. But there's TONS of other stuff that lives in %userprofile%