Since Apple removed contextual menu plug-ins support for 64 bit applications in Mac OS X 10.6, Shortcuts is currently the only known way to use contextual menu plug-ins in 64 bit applications.
In first mode, it allows you to assign a hot key combination to chosen menu item so you can select some object (file in Finder or text) and hit keyboard combination to execute the task normally performed by choosing that menu item.
In second mode, Shortcuts more...
- Fixed a problem in OS X 10.7 that bezel window would not show if ShortcutObserver is started as a log-in item
- Some magic to make "More Items..." checkbox on by default in Services/Keyboard Shortcuts, not requiring users to go to System Preferences to enable it after initial installation