You have two options when you are creating a new action. The first one is two define one or two actions that you want invoked once you press the hotkey. The second uses the "if the current window" statement to define actions that will only be executed if the active window is in the selected state.
You can create shortcuts that open a program and then make it stay always on top. It is also possible to combine both options.
The Wonderful Icon adds an icon to the system tray which offers something different as well. Clicking the icon gives you the ability to logoff or reboot for instance. You can define new entries to that menu easily as well using the same technique that the shortcuts offer.
Update: The Windows program has not been updated for a while, but it appears to be still working even in newer versions of the Microsoft operating system. First thing that you may want to do after starting the program for the first time is to enable hotkeys in the configuration window. It may take a while to go through all of the hotkeys to find the ones that you may find useful. Here is a short selection of actions that you may want to map to hotkeys.
An online help is available that explains the functionality of each action.
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