True Launch Bar is a replacement for standard Quick Launch. It is like the quick launch bar but with many grouping and menu options, a variety of useful plugins, and some skinning abilities.

All functions presented in Quick Launch also are in True Launch Bar. The application allows you to combine your shortcuts in groups, improving the management of your shortcuts, and saving working space on your desktop. True Launch Bar fully supports the ability to drag and drop. Virtual Folders allow you to add any folder as menu and control it using the context menu.
 
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http://www.truelaunchbar.com/