Accessing an Individual Favorite from the Favorites panel

I have successfully been able to add a scripted favorite in the favorites panel in Bridge CS3. When the scripted favorite is clicked, a TabbedPalette gets created.

I am wondering if there is a way to access the selected favorite (Thumbnail Object) for a single selected favorite. This way I can toggle the visibility of the panel when my custom favorite is clicked. Currently the panel gets displayed when ALL of the favorites are selected.

Looking in the docs, there is no "selectionChanged" or selections list for the Favorites Object, only the Document Object has these properties.

I have only been working with the Bridge SDK for a couple of days, so any information will be useful.

Cheers,
Nick