The Vault
The Vault is fully implemented in JOIN Dialogs. You can open, insert, replace, replace all from Vault. There is an option to display thumbnails. However, thumbnails will only be shown for Vault files that have a local copy as the thumbnail is extracted from that file. This also means that the thumbnail displayed might be out of date.
Important note
Although there is a delete function in the Vault explorer, it will only delete local copies. If you want to delete a file in Vault you'll have to open the Vault client and delete it there.