diff --git a/platform/lang-impl/src/com/intellij/ide/projectView/impl/nodes/NamedLibraryElementNode.java b/platform/lang-impl/src/com/intellij/ide/projectView/impl/nodes/NamedLibraryElementNode.java
index 0ab7de8454bd..0014de0dd56c 100644
--- a/platform/lang-impl/src/com/intellij/ide/projectView/impl/nodes/NamedLibraryElementNode.java
+++ b/platform/lang-impl/src/com/intellij/ide/projectView/impl/nodes/NamedLibraryElementNode.java
@@ -33,6 +33,7 @@ import com.intellij.openapi.util.io.FileUtil;
 import com.intellij.openapi.util.text.StringUtil;
 import com.intellij.openapi.vfs.VfsUtil;
 import com.intellij.openapi.vfs.VirtualFile;
+import com.intellij.pom.NavigatableWithText;
 import org.jetbrains.annotations.NotNull;
 
 import javax.swing.*;
@@ -40,7 +41,7 @@ import java.util.ArrayList;
 import java.util.Collection;
 import java.util.List;
 
-public class NamedLibraryElementNode extends ProjectViewNode<NamedLibraryElement>{
+public class NamedLibraryElementNode extends ProjectViewNode<NamedLibraryElement> implements NavigatableWithText {
   private static final Icon GENERIC_JDK_ICON = IconLoader.getIcon("/general/jdk.png");
   private static final Icon LIB_ICON_OPEN = IconLoader.getIcon("/nodes/ppLibOpen.png");
   private static final Icon LIB_ICON_CLOSED = IconLoader.getIcon("/nodes/ppLibClosed.png");
@@ -123,4 +124,9 @@ public class NamedLibraryElementNode extends ProjectViewNode<NamedLibraryElement
   public boolean canNavigate() {
     return true;
   }
+
+  @Override
+  public String getNavigateActionText(boolean focusEditor) {
+    return "Open Library Settings";
+  }
 }
diff --git a/platform/platform-api/src/com/intellij/pom/NavigatableWithText.java b/platform/platform-api/src/com/intellij/pom/NavigatableWithText.java
new file mode 100644
index 000000000000..57669c1159f7
--- /dev/null
+++ b/platform/platform-api/src/com/intellij/pom/NavigatableWithText.java
@@ -0,0 +1,23 @@
+/*
+ * Copyright 2000-2010 JetBrains s.r.o.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package com.intellij.pom;
+
+/**
+ * @author yole
+ */
+public interface NavigatableWithText extends Navigatable {
+  String getNavigateActionText(boolean focusEditor);
+}
diff --git a/platform/platform-impl/src/com/intellij/ide/actions/BaseNavigateToSourceAction.java b/platform/platform-impl/src/com/intellij/ide/actions/BaseNavigateToSourceAction.java
index e8d0a4c66eaa..4c85e9465071 100644
--- a/platform/platform-impl/src/com/intellij/ide/actions/BaseNavigateToSourceAction.java
+++ b/platform/platform-impl/src/com/intellij/ide/actions/BaseNavigateToSourceAction.java
@@ -18,6 +18,7 @@ package com.intellij.ide.actions;
 import com.intellij.openapi.actionSystem.*;
 import com.intellij.openapi.project.DumbAware;
 import com.intellij.pom.Navigatable;
+import com.intellij.pom.NavigatableWithText;
 import com.intellij.util.OpenSourceUtil;
 import org.jetbrains.annotations.Nullable;
 
@@ -34,25 +35,32 @@ public abstract class BaseNavigateToSourceAction extends AnAction implements Dum
   }
 
 
-  public void update(AnActionEvent event){
+  public void update(AnActionEvent event) {
     DataContext dataContext = event.getDataContext();
-    final boolean enabled = isEnabled(dataContext);
+    final Navigatable target = getTarget(dataContext);
+    boolean enabled = target != null;
     if (ActionPlaces.isPopupPlace(event.getPlace())) {
       event.getPresentation().setVisible(enabled);
     }
     else {
       event.getPresentation().setEnabled(enabled);
     }
+    if (target != null && target instanceof NavigatableWithText) {
+      event.getPresentation().setText(((NavigatableWithText)target).getNavigateActionText(myFocusEditor));
+    }
+    else {
+      event.getPresentation().setText(getTemplatePresentation().getText());
+    }
   }
 
-  private boolean isEnabled(final DataContext dataContext) {
+  private Navigatable getTarget(final DataContext dataContext) {
     Navigatable[] navigatables = getNavigatables(dataContext);
     if (navigatables != null) {
       for (Navigatable navigatable : navigatables) {
-        if (navigatable.canNavigate()) return true;
+        if (navigatable.canNavigate()) return navigatable;
       }
     }
-    return false;    
+    return null;
   }
 
   @Nullable