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I've been using Launchy for several years. It's so simple yet so powerful to search for any folder (and more). A sleeper feature is the Calcy (calculator) plugin, again so simple yet so powerful. All features accessed by simply single pressing the Spacebar + Right-Alt. The only problems that I've had were it had some issues on 64bit Win 7 with a memory leak and development seemed to be stagnant on that end. It was eventually resolved by disabling one of the plugins. The other problem I have is that it's difficult to transition to another computer that does not have Launchy installed!