I remember those Windows 95 powertoys very well having used both of them myself.
Explore from here is still possible with a simple registry tweak:
Windows Registry Editor Version 5.00
[HKEY_CLASSES_ROOT\Folder\shell\RootExplore]
@="E&xplore from here"
[HKEY_CLASSES_ROOT\Folder\shell\RootExplore\Command]
@="explorer.exe /root,%l"
To remove it, just delete the RootExplore value at HKEY_CLASSES_ROOT\Folder\shell\. Unfortunately, even though the folder acts as the root, the other junk in the navigation pane can't be hidden on-the-fly in modern versions of Windows. That's just then way Vista/7/8 Explorer behaves - can't be changed.
As for "Target", install WOW64Menu from here:
http://www.gasanov.net/WOW64Menu.asp When you install it and right click a shortcut, you will another entry in the menu called WOW64 (32-bit) menu. When you click WOW64 menu, Windows automatically resolves the shortcut so the menu you get that acts directly on the target. There you can Cut, Copy, Create Shortcut, Delete, Open Properties - pretty much do anything with the target.
Another option is to install Shortcut Target Properties:
http://free-sk.t-com.hr/T800soft/softwa ... etprop.htm but at the moment, it only supports opening Properties, not other verbs.