Great program, easy to use and set-up (can you say "Drag and Drop"? ;-) and I find it indispensible (My choice of macro app since Keyquencer isn't being ported to OS X).
Great little app. Nice simple, stylish interface, works quickly, includes the options you'd need and saves trawling lyric sites everytime you need song lyrics. Also handy when you just DL'd an MP3 and can't work out what the hell Eddie Vedder (Pearl Jam) is mumbling about. ;-)
Worth it.
[Version 4.0.1]
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iKey
Can't beat the price either. free Free FREE
Lyrictracker
Worth it.