In previous versions of Bridge, right-clicking an item shows a list of commands including "Reveal in Finder" (or Windows Explorer).

That command is still there but, instead of revealing the item, it opens it - if the item is a folder it opens the folder in the Finder, rather than revealing it, so you are then required to navigate back one layer of the folder heirarchy to actually see the folder.

If the item is an executable file (e.g. an application), it opens the application, rather than revealing its location, as the command indicates.

This is not only misleading, but very annoying and makes the command useless. The previous behaviour (of showing the item's location) should be reinstated.