Оформил: DeeCo
Автор: http://www.swissdelphicenter.ch

// These two solutions don't work: 
// Diese zwei Losungen funktionieren nicht wie erwartet: 

{ 1. }

 Label1.Caption := TShellFolder(ShellListView1.RootFolder).PathName;

 { 2. }

 var
   p: TPoint;
   item: TListItem;
 begin
   GetCursorPos(p);
   p := ShellListView1.ScreenToClient(p);
   item := ShellListView1.GetItemAt(p.X, p.Y);
   if item <> nil then
     Caption := item.Caption
 end;


 // But this works: 
// Aber so geht's: 

Label1.Caption := ShellListView1.Folders[ShellListView1.ItemIndex].PathName

 {**************************************************************}

 { 
  To retrieve full paths to each file selected files: 
}

 var
   path: string;
 begin
   for i:=0 to ShellListView1.SelCount-1 do
   begin
     path := ShellListView1.Folders[ShellListView1.GetNextItem(ShellListView1.Selected,
               sdAll,[isSelected]).Index+i-1].PathName;
     // ... 
  end;
 end