Today I came across a blog post about the "Ultra-Compact" Windows Task Manager view. I'd heard about it before, but never really paid any attention to it. I opened up Windows Task Manager and tried it out. Immediately I noticed how convenient it would be to have in my System Tray. Here is a little concept image I put together to better show what I'm thinking:

You would simply click the System Tray icon to open or close the dialog (like is possible with the "Connect to a Network" dialog). Anyone know of a program that does this already? If not, anyone want to make one?