I certainly like the idea of it being pegged in the position you double clicked. That would save me trying to find the blinking thing. Perhaps I have too many dbs on my workspace... Double clicking a day on calendar opens a new calendar form, double clicking a doc opens it. This idea isnt too far a departure from that is it!
I really like that idea! Of course, this should also work if an empty region is clicked in bookmark folders, especially when displayed as workspace (I got rid of the old-style workspace years ago ;-)).