Tim Heuer, as usual, is putting me in the know.  It appears that my complaint regarding Visual Studio's lack of a code snippet editor is being rectified by the community.  Check out:

Snippy

A quick note on installation:  No shortcuts are placed anywhere, and by default the program files are installed to: C:\Program Files\PowerToys for Visual Studio 8\Snippy.  If you'd like to be able to launch this from within Visual Studio, you can do so easily:

  1. In VS2005, Tools >> External Tools
  2. Click Add
  3. Title: Snippy (or whatever you want)
  4. Command: C:\Program Files\PowerToys for Visual Studio 8\Snippy\Snippy.exe
  5. Click Ok

Unfortunately, it doesn't yet seem to know where your Code Snippets directory is to help you out w/ opening and saving, and I couldn't pass that directory in as an Argument or an Initial Directory.