Hi Danny... 
 
I like you idea that keep moi in simple ui. But for the position of this new stuff I prefer the idea by Grendel, so put on the right, not bottom. Just my opinion. Lets wait also for Michael idea and wish he can post some image someday. 
 
Edit : As I know, Michael also want to put "object editing" inside the object organization. So when pick a circle, we can resize by type new value for the radius or diameter. Michael, please tell us if my explanation not correct. 
 
 
-Cheers 
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