I'm hoping to make these progress reports a monthly thing. I think it's a great way for me to see how the progress of the development is going.
I've finally worked out a system in WPF to display a system tray icon have the functionality and have it work exactly like I need. This is done by an open source library, located here http://www.codeproject.com/Articles/36468/WPF-NotifyIcon.
I also hope to have been a non-functioning development preview. For people wondering what some of the code is going to look like and what the window will look like, here is a picture of the designer for XAML.
By the end of this month i should have a better design and a non-functioning preview put online.