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I would pay dollars for something that could hide my OS X menu bar in the same way that I can hide the dock. An added benefit would be to hide all my desktop icons (which I right-align) until I move my mouse to the edge of the screen.

Having tried a few isolation apps, I now wish more of that stuff was built into the OS itself.

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I agree that the desktop is annoying, so that's why I forked out cash for Deskshade, from the makers of Espresso (a Coda competitor). A simple hotkey combo (for me it's command+return) triggers the show/hide.

http://macrabbit.com/deskshade/

I'm a cheap bastard and it's one of the few pieces of software I've paid for, which also feels good because it's an indie developer. Totally worth it, I feel like I can breathe again with the desktop hidden.

Have you ever looked into Visor by Blacktree (Same folks that did Quicksilver)? http://code.google.com/p/blacktree-visor/ - It allows you to show/hide a terminal with a key combo. Not the exact thing you want, but closer to it then any other plugin/app I know of.

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