MacPowerUser Software today announced the release of MenuStrip 3.0.3, the latest version of the popular menu utility for Mac OS X. New to version 3.0.3 is “Hide Desktop,” which when enabled, hides all background windows and Desktop icons each time you switch applications. Other changes include Hot-Key support for the Quick Launcher menu item, a new ‘icon-fade’ screen effect when applications launch and files open, improved font rendering, and more. MenuStrip 3.0.3 priced at US$24.95 and is a free update for all registered MenuStrip users.