Here’s what it does:
In the Windows XP/Vista/7 Explorer interface, there is a context menu that can be accessed by right-clicking from most locations. This includes folders, and the desktop. The context menu sub-items this utility changes are the ones in the “New” tree. You may want to disable some or all of these items if you want to speed up your PC, or you have an application that has, without you’re permission, decided to add way more items to that then you actually want. Use this utility to disable them.
Main utility page: here
Nirsoft’s Blog Entry: here
Download: here
Anyone else use Nirsoft’s great utilities?