LMT Launcher 0.5 is a beta program that allows the user to use multi touch and single touch gestures on a capacitive Windows Mobile/Phone device. The utility has ten gestures that can be assigned to either programs or actions. Just swipe one or two fingers in a predetermined motion and the program or action will activate quickly. The program is free and may be downloaded from XDA-Developers.
(Spotted on WMPoweruser.)