I'm interested too. I know (and can provide code) how to minimize the application to the systray notification area (where your system clock is) but I don't think this is what you would like, correct?
here is the link to the systray code:
http://forums.microsoft.com/MSDN/ShowPost.aspx?PostID=643672&SiteID=1
of course modify it to your needs, hopefully itll get you up and running for the systray portion!