I had this crazy idea the other day... lots of people know the property sheet guid for Author, Title, etc. is {883373C3-BF89-11D1-BE35-080036B11A03}. These properties are stored as alternate data streams in the file. You can right-click just about any file, go to properties, and you'll see a 'Summary' tab where you can set these (and an advanced button to access a few more).
Knowing only the basics of ADS, I wondered if folders could have them. So I went to the following registry key:
HKEY_CLASSES_ROOT\Folder\shellex\PropertySheetHandlers
... and added {883373C3-BF89-11D1-BE35-080036B11A03} as a sub-key. I figured I would either have the coolest tweak I'd seen in a long time, or my hard drive would melt. Lo 'n Behold, it worked! Now I can select a dozen folders, right-click, and set categories!!
What's the point? See picture:

Add the column 'categories' (mine is sized to be hidden), and pick 'show in groups'. Voilą!
Complete registry file follows... copy and paste into a file called categories.reg; right-click and 'merge'.
CODE
Windows Registry Editor Version 5.00
[HKEY_CLASSES_ROOT\Folder\shellex\PropertySheetHandlers\{883373C3-BF89-11D1-BE35-080036B11A03}]
@="Summary Properties Page"
[HKEY_CLASSES_ROOT\Folder\shellex\PropertySheetHandlers\{883373C3-BF89-11D1-BE35-080036B11A03}]
@="Summary Properties Page"
