I was looking for this option and searched the net to find quite some utilities to do this.
1. gvfs-archive — Select the file in nautilus and select \”Archive Mounter\” .. simple isn\’t it. Supposed to work but didn\’t work for me.. Though that may be because I am on rawhide.
2. mi-arcfs is another kernel dependent module to achieve this.
3. fuse-zip from google code is another nice option.