I'm a little surprised by your statement, "Display favorites visually, never heard of that before"!
Coming from someone who has been a Nokia fan, i have been using this feature with Nokia Maps on my smartphone for over 4 years where all my favorites are displayed on the map and and the closer favorites are displayed according to distance when navigation mode is selected.
After making a transition to apple with the purchase of an Iphone, i truly hoped the functionality would remain the same as i had heard great things about waze but certain shortcomings keep it behind the competition.
FYI, all Nokia smartphones come with free navigation for life and this feature and more are all built in as Map data provider NAVTEQ is owned by Nokia. This feature is crucial for fleet vehicles that travel to different addresses everyday in their particular route to conduct their routine business.
if you've never heard of this feature, a little research is imperative before posting any comments!
Have a nice day!