I've been generally a fan of iLauncher and the new 3.0 version adds some really cool functionality.
My only issue is sometimes under the "Settings" when I'm configuring, it'll lock up (on my 700wx). But once it's set it works very well. I was even able to UPX everything (cutting it's 2mb size in half basically) without any side-effects (the crashing issue was before I Upx'd).
Anyways, here's what's changed:
What?s new in iLauncher 3?
1.
Task Manager and Real ?X? close button 
2. New Special Functions
iLauncher includes a new set of special shortcuts to make it easier to control many functions of your Pocket PC. These built-in special functions include:
* Screen Capture
* Screen Rotation
* Power Off
* Soft-Reset
* iLauncher Tab Menu (Display a menu containing all the shortcuts in an iLauncher tab).
* Place a phone call (Phone edition devices only)
* Send an SMS message (Phone edition devices only)
3.
Safe Mode Protection <--Very Nice
5. Improved top bar shortcut support
6. Quick Launch
7.
Hardware OK button replacement <--Very nice
8. WM5 softkey customization
9. Hidden Tabs
10. Easier special tabs configuration
11. Replace shortcut
12. Improved Image Handling
13. Improved support for square devices and landscape mode
14. Scrolling and new height system
Read About it HERE
(Cost is
$14.95)
.cab file is attached below for quick install! 