Indeed, it does look like a keeper.
Sitting in the systray in Win Vista, it bounces from 212 to 338 KB. When it's activated, it jumps to about 3 MB. When the settings dialog is open, it's still no more than 5 MB.
It looks like the developer has set up a support forum.
I've always been happy with True Launch Bar. Stable program and responsive forum. Guess I'll probably purchase this new gizmo too. Seems to be running alongside MacroExpress well enough. Hopfully there won't be conflicts down the road.
Thanks for the tip Curt!