Enable more of the Microsoft standard shortcuts such as F2 for rename.
e.g. I am in browse menu to select an MXD to open. While I am there I realize that one of the MXDs listed should be deleted or possibly renamed. In Word I would merely right-click and select "rename" or "delete" from the menu. I have used "cut" to remove a document from one folder, navigated to a different folder and pasted it there.