This
article describes getting around that limitation.
It's telling you to use LauncherX to create the shortcuts, which can then be used in another Launcher.
Quote:
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To create a Shortcut file you need to use either Launcher III or LauncherX. Once the shortcut file has been created you do not need to keep using LIII or LX for the files to keep working. You can even delete LIII or LX and the files will continue to operate properly with your HotSync conduit.
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Whether that is "fair" or not, I don't know.