From Software Designs Development:
KbStart provides lightning-fast keyboard access to numerous resources when you enter short abbreviations. These resources include the Windows Start menu, the Outlook address book, Web favorites, control panels, and others. The abbreviations can match any character in the item's name. For example, you can type "OEX" to launch Outlook Express. KbStart uses a powerful, adaptive abbreviation-search algorithm that allows you to enter any imaginable abbreviation of the item.
Version 1.7 features unspecified minor improvements and bug fixes.