Thanks Yuri for this one, True Launch Bar is a Superior replacement for standard Quick Launch. Allows you to combine your shortcuts in groups. This feature looks like popup menus. This vastly improves the management of your shortcuts and save working space on desktop. True Launch Bar fully support Drag & Drop. You can simply drop needed shortcuts on toolbar.
Using feature named Virtual Folders helps you add content of any folder as menu. You can add Printers, Dialup Networks etc. and control them using context menu. Now you forgot about Start button.
True Launch Bar is compatible with Windows XP, support skins and plugins ( Winamp Control, Email Notify, System Monitor etc.)
Download: True Launch Bar v1.1.0.17 Shareware ($19.95) no time limit, full functions, only nag screen and small logo
View: True Launch Bar website