We have released a new powertoy Snippy. It is a Code Snippet editor that will allow you to create new code snippets or modify existing ones. Please let us know if you have any problems installing or using it. There are two versions posted, one for the Beta2 version of the .NET Framework and another one for the current release candidate.
Check out the project hosted on Gotdotnet Codegalleries here: http://www.gotdotnet.com/codegallery/codegallery.aspx?id=b0813ae7-466a-43c2-b2ad-f87e4ee6bc39