Hey, cool. It's the same developer who created TotalFinder (which I absolutely love - can't imagine my Mac without it). I'm still on 10.6.8, and one of the reasons I'm refusing to switch is the absence of grid-spaces in Lion. I'll keep watching this thread. Great idea, and good luck! ;-)
It's a cute little app. And it can hide the Spotlight icon (at least on Snow Leopard; I don't know about Lion)! I wish it could hide a few more menu bar icons, though. Sent a request to the developer (you can send a request through the app), who very kindly offers this for free. ;)
I just discovered a "v2.0.0" in the Mac App Store (looking very sleek, btw!). I own version 1.0.4. Just browsed TechSmith's Web site, and couldn't find an upgrade option. Hopefully, TechSmith will consider adding an upgrade option for veteran users...?
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(72) 
Pianopub
Myka rated on 26 May 2012
[Version 1.5.5]
TotalSpaces
Enqueue
Myka rated on 27 Apr 2012
[Version 1.0.1]
+1
Broomstick
Myka reviewed on 16 Apr 2012
+1
+40
Snagit
+40
keka
Myka rated on 26 Feb 2012
[Version 1.0]
Cobook
Myka rated on 18 Feb 2012
[Version 1.0-beta7]
PDF Browser Plugin
Myka rated on 15 Feb 2012
[Version 2.4.3]
FStream
Myka rated on 11 Feb 2012
[Version 1.4.6]
Webbla
Myka rated on 26 Jan 2012
[Version 1.5.2]