I tested a bit PaletteEd 1.1. Works fine so far. What I noticed with MagicMenu active is that a mouse event from using the menu will select the pen under the mouse pointer after menu entry choice. Normaly that doesn`t happen with MagicMenu.
You could make the palette naming make optional via tooltype for example for the people who need it.
Feature request:
Open a larger screen to have some more space for review pictures.