As far as the NEW dropdown idems you edit them after their opened or in use. I dont think you can edit something that does not exist yet, (has no lable or name yet right?)
Edit is found in the toolbar with-in the folder/briefcase and etc...
Hope that helps some.
When you right click on a desktop item for example it pops up a menu. Right below "open" and "run as" I have some other stuff, like "add wo winzip" for example. How can I condense those options? I know it's possible because I used to be able to do it. Also, when you right click on the desktop and say new, it gives you a list of many program aswell - how can I edit those?