Locate asset in hierarchy

Hi, I am having difficulty locating assets in the hierarchy. Is there any way to do this without having to expand all the tabs and searching manually?

In short, I would like to select an asset in the Project viewport and highlight where it is located in the hierarchy.

Unity 3 will have a search field, though it doesn't help you much in 2.x

You can also click on an object in the Scene view and it highlights the object in the hierarchy. This doesn't help if it isn't a Mesh though.