I've created two "modes", one called -relative-, and one called -grouped-
In relative mode, you can shift the mono content in relation to the stereo content of your audio. This can provide some great stereo results, especially if you have some stereo content percussion loops looking for new life.
Then I created a mode called "grouped". Grouped mode changes the stereo image by modifying the stereo content balance while maintaining the mono content's position.
It works only with stereo content. If you use mono input it simply acts like a panner.
It's free for download at http://bassgnomes.wordpress.com/common-image
I might add some more features before I submit to KVR(such as stereo content solo, and another mode), but for now, enjoy!

PS: If anyone knows of any better free filehosting than mediafire, I'd love to know about it. Mediafire has TONS of annoying advertisments that sometimes even forward urls...
