My ideas for Possible new features

Haven't figured out why some buttons on other TLB toolbars are not effected by this template?? I changed each of the toolbars individual settings... rebooted even?

As you see there are 4 template types in the TLB Settings:
Buttons: normal buttons on the toolbar/menu
Virtual Folders: menu items inside the virtual folders
Plugin: all plugins
Empty space: when you click on the menu caption and other empty spaces

So you need to change the template for all or some of the buttons.

I was actually refering to the hotkeys in the TLB context menu - I don't use them and for some reason on my system (XP Home) these hotkeys don't work anyway. Is it because I have "Window+X" standard hotkeys disabled to make room for my own?

Currently this is impossible to do with the standard way If the shortcuts are too annoying you can download the localization pack and edit the menu items strings.