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Re:Dropbox (YC S07): Simple Tasks for Extra Space (768MB total) by danielh on Tuesday November 23, 2010 @05:45AM (#1933278)
There is a new feature called selective sync, which is available in the pre-release (>0.8) version of Dropbox [1].

https://www.dropbox.com/help/175

Re:Dropbox (YC S07): Simple Tasks for Extra Space (768MB total) by andreyf on Tuesday November 23, 2010 @09:32PM (#1936268)
Tried that, but my preferences have no "advanced" tab: http://dl.dropbox.com/u/404957/no_advanced.png

:(