I was adding an application to my start up folder today when I noticed an executable in there (usually they are short cuts to executables).
Powerreg Scheduler V3.0.exe
A quick google turned up some information about it. Its no longer on my system, though I am surprised that ad-aware did not remove it, seeing as that is usually on top of pretty much most spyware.
Quoting from winpatrol.com

PowerReg Scheduler.exe and PowerReg SchedulerV2.exe are installed along with
PowerQuest?s Partition Magic. It is based upon Leader Technologies? Register.exe
and PowerRegister products. Leader Tech advertises these features:
“Generating reports of your user’s data.”
“Create customer
“Create A Valuable Database of Customer Buying Habits”
“Two-way data transmission and communication is supported.”

Not a happy bunny was I..