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Hello, just thought I'd add my 2 cents.
I found a few things that I thought could improve this app:
1. Single-clicking on the tray icon should toggle the appearance of the app (show/hide).
2. It would be great if the option panel buttons could be rearranged in a better order, perhaps:
And if the order could be maintained whether in horizontal or vertical modes.
 it would be ideal if this button had an option to be turned off, as it's probably only used once.
3. It would be more consistant if the close button position in vertical mode was on the right-hand side.
4. Lastly, as someone else has noted the app seems to be chewing up quite a bit of RAM, for me it's 12mb (7.9mb virtual) with only 3 icons.
Sorry if the list was a bit long, but I thought this is a neat little launcher and could be ever better!
Many thanks for all your work!