It's just another pointless third party utility to change Aero settings in Windows, everything of which anyone can do using the Windows settings. Probably comes with a large dose of Malware or Spyware. Avoid like the plague.
All of these utilities are just custom registry editors. Best to just research the specific hack you require rather than install software from an unknown source that may include something you definitely won't want.
Agree, seems sensible to have something to indicate that an icon is a shortcut rather than a program. Must admit the old "Shortcut to" text used to irritate me, but that was easily removed via a registry hack. Each to their own I guess.
Because I want to. That's good enough for me, even if it's not good enough for you.
Here's the really simple registry edit way
Click on Start and type in regedit in the search box. On Windows 8, go to the Start Screen and starting typing regedit.
Now navigate to the following key:
HKEY_LOCAL_MACHINE – SOFTWARE – Microsoft – Windows – CurrentVersion – Explorer – Shell Icons
Note that you may not have the Shell Icons key under Explorer by default. If it’s not there, right-click on Explorer in the left-hand pane and choose New – Key.
key registry key
A new key will appear in the left-hand menu and you’ll have to give it a name. Now type in Shell Icons with the capitalization shown in the screenshot above. Then click on Shell Icons in the left pane and you’ll see just a key named Default in the right-hand pane. Right-click on any white area in the right-pane and choose New – String Value.
new string value
Change the name to the number 29 and press Enter. Then double-click on the entry to bring up the key editor. In the Value Data field, go ahead and copy and paste the following:
add new key
Click OK and close out the registry editor. Now just log off and log back in or restart your computer and the arrows should be gone from your desktop icons