Robert says" I stopped using Favorites about five years ago. Hint, what happened about five years ago? Google. My favorites file back then was about 5000 items. It just got so big, and so out of date, that I stopped using it.

Today my "favorites" list is really my RSS Feeds. RSS is changing the way I use the Web more than any other single thing.

 
Like Robert, I stopped using favorites quite a while ago (but not 5 years... I've always been slow link that ;-)  What really stopped me was the unmanageable size, but also the desire to have the same handy list of links at home and at work.  I've bloged about this before, but I use a page of links that I manage with Blogger; this sample tells more about it.  I use RSS for a lot of what I used to follow links to, but there are too many places I go on a regular basis on the web that aren't feed based.  Frantz Art Glass, for example. And why Google for them when CTRL-F will do? (And that's only if I don't use it often, my fingers know where the most often accessed links are ;-)