I am most definitely not seeing any crashes (and never have) when clicking on the preset folder in X1D or in X2.
All that operation does is launch a standard windows file dialog so nothing special is going on there.
Is it crashing for you before the file dialog opens? If so its possible that you have a shell extension or something that is blowing up when windows launches its file dialog with that folder. Perhaps its getting confused with the files in that folder for some reason. Try it on an new project just to make sure that its not somehow project specific.