Changing Mapped Network path names to short names or custom names

Within an My Computer or Explorer window you can right click on any mapped network drive connection and click RENAME and give your drive mappings pretty names as opposed to the standard syntax
"SHARENAME on SERVERNAME "

This can be very handy if users wish to map drives directly to subfolders within the share.
As in this scenatio the name can be very very long and annoying on the eye.

Right clicking RENAME in explorer populates the following registry key
_LabelFromReg
found under
HKCU\Software\Microsoft\Windows\Explorer\Mountpoints2\sharename