WinSnap 3.0.8

WinSnap is a small but powerful utility for taking and editing screenshots. It can easily capture windows of non-rectangular form with the background of your choice, automatically perform simple canvas transformations and coloring effects, add professional smoothing shadows in Photoshop style and more. Also, WinSnap supports variety of image formats and provides advanced auto-save features.

What's new:

  • New translations: Dutch, Korean, Basque (Euskera)
  • Greatly improved "Clear window background under Vista" feature
  • Capture Explorer windows and dialogs using the Application mode
  • Active monitor is determined by mouse position now (Full Screen)
  • Fixed some minor issues with capturing elevated (UAC) applications
  • Improved compatibility with Windows 7 RC and Beta
  • Portable Edition: increased performance when running from slow USB drives

News source: Official website
Download: WinSnap 3.0.8

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I agree, snipping tool is great... if you run Vista.
Considering the amount of ppl running XP there is still a need for a really good tool.

> I dont understand why people use screenshot programs... print screen....snipping tool works wonders.

+ clean and simple UI
+ suitable capture modes for everyday tasks
+ shadows, reflections, watermarks and other effects
+ support of PNG transparency, and much more

Thanks man for Lightscreen recommendation. I used to use Jing ( but it runs quite slow in my system and doesn't have option like Lightscreen to capture screenshots of menus.