There is no SelectFolderDialog in .NET but It is present itself in Visual Studio 2010.
I was wondering if there is any external .net component like this form.
Here is the VS2010 Dialog :

Please Note that I dont want to use the FolderBrowserDialog and I need to get the Specific UI described in the SelectFolderDialog
To gain access to the posh new Vista folder selection dialog then I believe that you need to either:
IFileDialogcomponent.Option 2 is easy enough using the Windows API CodePack. You need to include the
FOS_PICKFOLDERSoption. The CodePack comes with lots of examples. I commend it to you.