GNOME Custom Hotkey for Application Launch - Custom Keyboard Shortcut

I found GREAT explanation of how to setup custom hotkeys in GNOME at this site. I copied it here so I don't lose it.

GNOME Custom Hotkey for Application Launch - Custom Keyboard Shortcut: "GNOME Custom Hotkey for Application Launch - Custom Keyboard Shortcut

Steps for creating a custom hotkey to launch any application in GNOME:

1. Open 'gconf-editor' as the user as you're logged in in GNOME
2. Go to 'apps' -> 'metacity' -> 'keybinding_commands'
3. Double click on e.g. 'command_1'
4. Type in the name of the application you want to launch, e.g. 'gcalctool', the GNOME calculator
5. Go to 'apps' -> 'metacity' -> 'global_keybindings'
6. Double click on e.g. 'run_command_1'
7. Type in e.g. c
8. Note the <> for the special function keys
9. DONE! Close the gconf-editor and press CTRL-ALT-c and the calculator should come up"