Am I the only who, since Windows 7, has found themselves not really needing this tool anymore? I used to have this installed with XP and Vista, but Win7 makes things so much easier I find myself rarely using this despite owning two licenses.
Nope, you're not alone, Josh. I actually installed TLB 5 under Win 7 to see if I had any need of it, and I still don't, so I uninstalled it again. Between Vista and Win 7, many of the third party applications that I used to run to "tweak" mu UI experience in windows have been made redundant. I no longer use a file/application launcher, Konfabulator/Yahoo widgets, TrueLaunchBar, or PSTray Factory, to name but a few, have all been relegated to either electronic archiving or to my wife's XP machine.
In some ways, this reminds me of the sea-change that occurred with I made the move from Windows 3.x to Win95/98 and beyond: I used a LOT of shareware to extend Windows (long file names, shell extensions, etc.) that I simply had no use for when Win95 came out. Funny, I tend to celebrate MS for incorporating good ideas from the shareware world into new versions of Windows, but excoriate Apple for doing it (e.g. I thought is was NOT cricket when Apple incorporated widgets into Tiger and left Konfabulator high and dry)
How embarrassing to be exposed as a hypocrite... but then, in the past MS has actually bought the company/technology where Apple tends to reverse engineer the idea and stiff the original developer (or is that my bias coming to the fore again?).