My favorites no longer open in 9.5. They are there, but clicking on them does nothing. They still get a context menu when right-clicked, but won't open from there either. These are all against MS SQL 2008 R2.
Sorry for the inconvenience. This is the effect of changes made to the tree structure for MS SQL Server (and Sybase ASE) in 9.5. You need to recreate the favorites.