C:\not\sure\about\the\rest\of\you\but\i\needed\to\see\how\long\that\is\to\fully\understand\the\implications\of\this\seemingly\arbitrary\limitation\-\to\give\this\some\context\this\path\is\two\hundred\and\18\characters\
And even with tab completion that path shows why only a masochist with OCD thinks paths that long or deep are needed. People who name their folders "Documents and images from the conference in August with CEO" deserve what they get. Although 260 characters does seem like the Excel team think more like me than the rest of (more reasonable) MS.
C:\users\myusername\work - good.
C:\users\myusername\work\projectname1\ - still good.
Now checkout here the root of your favorite SCM from a project with 30+ developers.
There's a good chance that you'll run into problems.
/rant
Or wait, let's do it the Unix way! Isn't "etc" obviously "configuration"? And "bin" obviously "programs"? Yes, let's all use short, non-intelligible folder names like they used back in the days of teletypes when we have 24+" monitors. And let's add on top of that some inside jokes from Bell Labs or Berkeley while we're at it ("spawning daemons").