ButtonsEx is a new preference panel.
With it, you can customize the hard buttons (only for T5, LD TX and TE2) and the 5 way buttons.
To launch a application with the 5ways, do a long press on the button.
You can enable/disable the 5 way pad (for example when you play) without going to the preferences.
Draw on the status bar a line form the home/favorites buttons to the input buttons to enable the 5 way pad.
Draw on the status bar a line form the input buttons to the home/favorites buttons to disable the 5 way pad