Microsoft USB Flash Drive Manager (Standard) is a new application from Microsoft that is designed to make managing USB flash drives easier.

Description of the application from Microsoft:
"Use this application to backup and restore presentation, pictures, songs and applications from and to USB Flash Drive devices and take them with you. Use USB Flash Drives to store personal data, to keep your network configuration and to share information with your friends."

It is available for Windows XP only and requires .NET Framework 1.1