Kendan, your post got me going so I went out and found myself an app that does what I need.
The app actually creates a normal shortcut that minimizes the app to tray and even if I click that icon it doesnt show in taskbar!
I just put that shortcut in my startup folder in the start menu so now it works just as the windows version of folding, it even has the right icon.
It's caller "Trayer" btw, great app.
edit: Havn't been able to fold for months now when my machine has been out of order so now I'll have to catch up on the WUs