I'm not sure what launchy is, but would this help.
It eliminate the -shortcut when you make a shortcut.
Copy and paste the following between the quotes into Notepad and save the file in ANSI format and name it noshortcut.reg
Windows Registry Editor Version 5.00
[HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer]
"link"=hex:00,00,00,00
Double-click on this file to merge it into the registry
You have to reboot for it to take effect.