Directory Monitor allows users to monitor certain directories and will notify you of file changes, deletions, modifications, and new files.

Features
Monitor directories for file changes, modifications, deletions and new files.
Monitor local directories or network shares (including hidden shares).
Optionally execute an application when an event occurs.
Quickly tell if a directory is available and being monitored.
Balloon notifications whenever an event is fired.
Auto updating, import/export and more.
FREE!