OS X Enclosing folder shortcut?

This may have been asked before, but I'm wondering whether there is a shortcut for navigating to the enclosing folder in OS X (Snow Leopard)?

I find navigating Finder particularly frustrating since it's hard navigating back to the enclosing folder (especially when you jump to a folder and realize the back button is disabled)...

I'm hoping for something other than Command+Up, since that's the key combination I use to navigate Spaces.

Solution 1:

This will be disappointing for your application, but it's Command+Up by default, however you can easily create a keyboard shortcut for that inside your "System Preferences"

Just click the + button, then select Finder.app in the pulldown menu, type "Enclosing Folder" in the Menu Title field and create whatever shortcut you want.

But by default, it's Command+up