I downloaded this today, it looks great!
I'm still trying out options and more options.
I found out a weird bug though.
Earlier today I downloaded Gone in 60 seconds by Skrommel.
I found out that, while "Gone in 60 seconds" works, if I click on "configure preferences and options" or in "Launchbar Commander-Configure this item" and after using it I close the window, the Launchbar blocks and becomes completely unusable and after the 60 seconds have passed the whole bar disappears but leaves the area "blocked" (for example if later I try to maximize Firefox that area still shows naked Desktop).
Its not hugely important, but hey, it's a bug!