The long wait is over, LXShortcut 0.1.2 is the successor of LXShortcut 0.1.1 released in July 2009. By no surprise the vast majority of changes since then are translation related, omitting these and merge commits the git log looks like below.

Get the file at sourceforge.net: lxshortcut-0.1.2.tar.gz, sha1: 92e4510313b6c2225edc7dd49f6b4d889303ddc3

70a02e7 debian: update to build from source
f3c4b82 Use an option to enable more warnings instead of maintainer mode.
82bebca Add a debian directory
bf1bdf0 Fix compilation with gtk3
4ccf196 Add an option to compile with gtk3
cf08e16 Update to use directly .ui files
47111aa Move a g_free
f7f7c67 Add .gitignore
262e3cb Fix another compiler warning
ce3e372 Update LINGUAS
afdf644 Fix compiler warnings
5905acd Generate LINGUAS at build time
4df7c0d Add correct CFLAGS
709b41f Add INSTALL file
3bdafc7 Add silent rules
13894d6 Add option to enable more warnings
0fb97fc added a FIXME reminder
e2a360b minor changes
18ac425 fixed implicit declaration, added return 1 if no command line options are passed to lxshortcut
016eac0 removed exec bit
689c0d9 Confirmed previous patch solved the problem on runs configure in infinite loop, commit the same patch for lxappearance and lxshortcut. (Thanks Enrico Zini provided a armel machine to test this patch.)
9af910f remove distribution of mkinstalldirs