First of all if you are using the 64-bit Vista be sure you installed the 64-bit True Launch Bar. If this is OK then please can you check the registry keys:
Code:
HKEY_CLASSES_ROOT\Component Categories\{00021492-0000-0000-C000-000000000046}
and
Code:
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer\Discardable\PostSetup\Component Categories\{00021492-0000-0000-C000-000000000046}
If any of these keys is not exists try to create them (just the empty key). After creating restart the computer.
If this not helped, please can you count the values at the registry key:
Code:
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Policies\Explorer
PS. As I see there some problems with the registry on your computer. Generally the toolbars submenu have some more items.