Vista Shortcut Overlay Remover
Full user review
"Works Fine on Windows Vista and 7"
Easy, let's you add your own arrow if you want.
You must install it. I'd rather it was a portable app.
I don't know what's up with the negative reviewers. It appears one tried it on XP which it's not designed for, and another babbles about IE8 which it has absolutely nothing to do with. This program worked as advertised for me, it's free and there are no ads. Where's the motivation to rip you off??? Worst case you might have to run it as administrator of lower your user account settings temporarily.