Well, the URL would indicate to me that it is in the Node module. Since I will not suggest a core hack, I would suggest a hook_menu_alter() to change it.

Nancy  Injustice anywhere is a threat to justice everywhere. -- Dr. Martin L. King, Jr.

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From: toon severijns I'd want to change this link in the admin menu to /admin/content/node/project but i can't seem to find where to alter it. Any ideas?