Chronos today announced the release of F10 Launch Studio 1.1, the first update to its launch management utility for Mac OS X. Version 1.1 adds two new features and fixes several minor bugs. The first new feature involves F10 Launch Studio’s built-in application switcher that lets users quickly switch between running applications via a hot key. A new separate “Switch & Hide” hot key can now be employed which will hide the current application after switching to the new application. The second new feature allows users to specify any hot key of their choosing to invoke F10 Launch Studio’s launch pad and switch between running applications. Version 1.1 is a free update for registered users. F10 Launch Studio, which requires Mac OS X 10.2 (Jaguar) or later, can be purchased for US$29.99.