Library tutorial needed

I am currently running Snow Leopard, and thinking about upgrading to Mountain Lion. I am not interested in iCloud and such, I personally consider anything on the cloud, supported by anyone, to be a potential security risk for my personal information. As a result, my onlne banking is as minimal as it gets, and I have a Drobpox account. That's the extent of my cloud/online activity.

Those improved features do not interest me. I do like the Dictation idea, and wish I had a way to test it out in the apps I currently use. Most are non-Apple apps. Generally, they are Open Source.

With Windows 7, MS introduces user libraries for accessing data. I am not referring to libraries of program code, or Library folders on the Mac where application support files are stored. The user libraries allow the user to essentially create a shortcut to folders spread across your hard drive(s), for quicker access. You can see these libraries listed in the Navigation Pane of a Windows Explorer window, assuming the user has not chosen to hide those libraries.

Smart Folders are not the same thing. Vista had them also, but they were dropped in favor of Libraries.

Does Mountain Lion have a similar feature? If so, where can I find a good tutorial/article on using them? My search terms have found me nothing. 😟