Being I've gotten no response (probably because there is no program or I'm impatient) I went ahead and created a little work around in the form of registry files. I also use my system tray to store the two scripts separately (One with a red light icon, the other with a green light).
This isn't a really great work around as I was not looking to disable the pane like I did the folderband, but it will work until someone gives me something better.
Now I'm wondering what the best context menu editor is? I have a few context menus I need to clear up, and I'd like to group some context items.