I just performed a fresh CVS checkout. Built and installed on target (version 060925-0356)
- menu -> recording -> recording settings -> directory
Highlighted both the '/recordings' item or the 'Current Directory' item.
Pressed every button (long and short press)
None of them take me to the virtual keyboard or a file browser or anything.
All I can do is cancel, which takes me up a menu level, [Stop long, Stop short, Left long, Left short] or simply go up a menu level [Right long, Right short, Navi short].
This is on an iRiver H140.
Flyspray task:
http://www.rockbox.org/tracker/task/6063