Windows 7 shows a small rectangle at the end of Taskbar which works like good old "Show Desktop" shortcut. When you click on it, it minimizes all running windows so that you can work on Desktop.
Its new in Windows 7 and Windows XP and Vista users have to use 3rd party themes to get this rectangle but unfortunately the rectangle in such themes is a fake one and doesn't provide any functionality.
But no no need to use fake one when you can get a working one. "Cellular" @ DA has created a very small portable utility which sits in system tray and shows Windows 7 look-like "Show Desktop" rectangle at the end of Taskbar:

As you can see in the above screenshot, it looks almost same as Windows 7.
If you change Windows theme, you'll need to refresh the rectangle image. You can do that by right-clicking on its system tray icon (Windows flag) and selecting "Refresh Image" option.
Its very small utility and doesn't need to install. Simply run EXE file and enjoy it.
You can download it using following link:
This article was posted by VG in following section: Software, Windows Vista, Windows XP.
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Someone
Coming soon with AeroPeek too. He says it on DeviantArt.
NIKIHL
IT'S VERY NICE..............................''''''''''''''''''''''''''''''''''''''??????????????
jpChris
Hi all,
I installed Show-Desktop and it works perfectly. However, that's all I want. How do I remove the "Show Desk Menu" from the SysTray?
VG
^^ You can set it to always hide using Taskbar Properties.
jpChris
Hi VG,
Thank you — that did the trick! However, is there a .ini or .inf file that I can tweak so it's not there permanently and I can get rid of the Show Hidden Icons arrow?
Thanks, again, VG.
VG
^^ Sorry but there is no such ini or inf file to change its settings.
jpChris
OK, thanks, VG.
Karrypto
Hi VG,
I've got a little problem with the aero peek function of this. Every time I switch from the "aero peek-view" to the normal view, all the windows go a little bit closer to the top of the desktop, so sometimes the close, minimize, etc. functions disappear and I'm not able to change the position of the window. Is this a known bug and if it is, can the problem be solved?
Someone
UPDATE: NOW WITH AEROPEEK!
Ceiiular
@Karrypto
Ya, I made some changes to the Aero Peek to support multiple monitors right before I released it and only noticed the bug the next day. It was very minor and it's fixed now.
Thanks for using it
@Vishal, I've released the newest version (with Aero Peek) this week if you want to update the feature.
And thanks for the feature :)