I've just discovered FARR and am absolutely amazed. Have been looking for something like that for years - found Executor - which is not bad. But this one looks really promising!
If you like I can give you some Feedback of Features I heavily used and are missing here.
For example, I'm using CAPSLOCK to trigger the program. To do that I've disabled/remapped the key to F15.
This is great, because CAPSLOCK does more harm than good IMHO and it's very reachable - so I prefer to use it with a Launcher.