Creating symlinks is pretty straightforward, but it does require some magic in the Windows Command Line.

Instructions here: http://www.windows7home.net/how-to-create-symbolic-link-in-windows-7/

I also found a GUI for doing that

Symlink Creator: http://code.google.com/p/symlinker/downloads/detail?name=Symlink%20Creator.exe&can=2&q=