I've used Win7 for years and I always use "WinKey+RightArrow+RightArrow" and then I either press 'r', 's' or sleep or restart or whatever I want (it's super quick onece you're used to it).
I don't want my lid to do anything. I have SSH session open and don't want them to kill (and don't start about screen...).
Also, my power button would've just shut down linux since the Win8 was in a VM.