An Indian discovered that nobody can create a FOLDER anywhere on the computer, Which can be named as “CON”? This is something pretty cool...and unbelievable.

At Microsoft the whole Team, couldn't answer why this was happened!
As so, inform about this to all your friends. TRY IT NOW; IT WILL NOT CREATE “CON” FOLDER.
Try To rename the New Folder as CON or con it will not accept...

This isn't exactly new news, been around the web for quite a while now.

I don't want to be a fanboy....but I can make a folder named con simply....in Linux.

This is for historical reasons (from the DOS era):
http://msdn.microsoft.com/library/default.asp?url=/library/en-us/fileio/fs/naming_a_file.asp

Ionut Alex. Chitu, thanks for clearing that up.

I was going to ask if anyone has seen that new hamsterdance site yet but thought I'd wait to cash my check from Bill Gates for sending emails.

Just adding to Ionut's link, CON is the DOS reserved name for 'console'. If you go to the command prompt you can type things like:

'copy con testfile.txt' (copy from console to testfile.txt)

Then anything you type will get outputted to testfile.txt when you exit the console mode by pressing ctrl+z.

Back 'in the days before time began' that's how we created simple text files...

I remember that 'edit' also worked very well.

In fact, if people don't know these facts related to reserved names they are not real geeks... ;-) ;-)