More Info with Screenshots: [link]
If you like Windows 8 "Win+X
" Menu, you can get a similar cascading menu in Windows 7
Desktop context menu. This new menu contains all those shortcuts present in real Win+X Menu.
Download ZIP file, extract it and run REG file.
UPDATE: New registry scripts added for German language users. Thanks to "HatoSan" [link]
Following method has been used in creating these REG files:Add Cascading Menus for Your Favorite Programs in Windows 7 Desktop Context Menu