Mine

Output folder: C:\DOCUME~1\THE~1.GOL\LOCALS~1\Temp\nsh11F7.tmp
Extract: test.txt
Rename: C:\DOCUME~1\THE~1.GOL\LOCALS~1\Temp\nsh11F7.tmp\test.txt->C:\DOCUME~1\THE~1.GOL\LOCALS~1\Temp\nsh11F7.tmp\test.avi
Rename: C:\DOCUME~1\THE~1.GOL\LOCALS~1\Temp\nsh11F7.tmp\test.avi->C:\DOCUME~1\THE~1.GOL\LOCALS~1\Temp\nsh11F7.tmp\test.jpg
Values read from the registry
=====================================
FileManager   %SystemRoot%\Explorer.exe /idlist,%I,%L
TextEditor    C:\windows\system32\notepad.exe
CommandPromt  C:\windows\system32\cmd.exe
AudioPlayer   "D:\Media\foobar2000\foobar2000.exe" "%1"
MediaPlayer   C:\Program Files\Media Player Classic\mplayerc.exe
GfxViewer     
GfxEditor     
Broswer       D:\COMMUNICATION\FIREFOX\FIREFOX.EXE -url "%1"
Dun           %SystemRoot%\system32\rasphone.exe -lt "%1"
Email         D:\COMMUNICATION\THUNDERBIRD\THUNDERBIRD.EXE -compose %1
IRC           D:\Communication\X-Chat 2\xchat.exe "%1"
FTP           D:\COMMUNICATION\FIREFOX\FIREFOX.EXE -url "%1"
IM            
 
 
Values after my magic
====================================
FileManager   C:\windows\Explorer.exe
TextEditor    C:\windows\system32\notepad.exe
CommandPromt  C:\windows\system32\cmd.exe
AudioPlayer   D:\Media\foobar2000\foobar2000.exe
MediaPlayer   C:\Program Files\Media Player Classic\mplayerc.exe
GfxViewer     
GfxEditor     
Broswer       D:\COMMUNICATION\FIREFOX\FIREFOX.EXE
Dun           C:\windows\system32\rasphone.exe
Email         D:\COMMUNICATION\THUNDERBIRD\THUNDERBIRD.EXE
IRC           D:\Communication\X-Chat 2\xchat.exe
FTP           D:\COMMUNICATION\FIREFOX\FIREFOX.EXE
IM            

Completed