I know this is a REALLY old thread but, no doubt some people will be led here on their search and I thought I would post the name of the utility I use, which really does exactly this and more useful stuff too. Free of course.
FileBox eXtender and it is available from : http://www.hyperionics.com/files/index.asp

Wow is this really as useful as it seems??!!
I have recently changed some stuff to do with my graphics card. It all began when games were going blank for no apparent reason ... long story but in the process I had to ditch using Ati Tray Tools.  I had a hotkey set up to switch to TV mode fast through that program and now I am lost.
I google my idea: A simple shortcut, maybe batchfile or something to do this.
Am I glad your little app came back in the results because this is better than ever!
Thank you so much.
 :Thmbsup:

Hmm that is weird.
That's what I get from the properties of it!
I will attempt to attach it.
PLEASE PEOPLE DO NOT DOWNLOAD THIS AS AN UPDATE - IT ISN'T!
Here you go - have a looksee.
Cheers  :)