I know you can do this with quicksilver but I can’t be bothered to work it out.
SizzlingKeys is genius. apple+alt+right arrow changes the song, the back arrow goes back a song, the up and down changes the itunes volume. Ctrl+space pauses/plays and opens itunes. I seriously can’t live without it! Now to get hooked on quicksilver!

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That sounds pretty cool. :) Quicksilver is pretty handy when you don’t feel like going through your applications folder to find something. I rarely use it though.
Sizzling Keys sounds like a pretty convenient application to have when you’re lazy though. :)