That's the problem, it doesn't - at least not how I use Quicklaunch. For example, I have 15 forum shortcuts at 7 sites I visit daily on my QL. The new taskbar does not allow me to have all 15 shortcuts on the taskbar as it pins them to my browser's icon. The new taskbar is great for launching and managing applications like Word and open docs, and it is great for managing open web pages, but it does not allow me to manage my commonly used shortcuts. Yes, I could put them on my desktop, but (1) my desktop gets covered and (2) too many shortcuts on the desktop can drastically slow boot times as each must be loaded with the desktop.
So I really like the new taskbar, but it does not take the place of Quicklaunch.
It probably comes down to personal taste. I have tried the approach of having a large number of shortcuts on my desktop. With my method of use, it didn't work for me. First, most of my work being on the internet, I usually had to move the open site in order to see my shortcuts - didn,t suit me.I also found that the desktop was so cluttered that I had to sometimes look around to find the shortcut I needed
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Next was to have a "favorites" folder on the desktop. That was fine but then I decided to go with the approach of having another taskbar - nope
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In the end, I settled for "pinning" to my taskbar browser. I have got used to this now.
As I say, it is very much a question of what appeals to the individual. A simple right click of my taskbar bowser (FF or IE, as the user may wish) and I have a drop down of all my favorite web sites.
Fwiw. I removed the notification bar, and now use, instead, the Mobility Center, when required.. This has given me room for 15 taskbar shortcuts, plus the pinned items under the browser shortcut. I could even squeeze in a few more.