Currently, the Microsoft Store version of Process Explorer does not automatically update the registry key for the "Replace Task Manager" option when the application is updated. This can lead to the issue you described, where the file path becomes invalid after an update, causing the shortcut to stop functioning.
As a workaround, you might consider creating a scheduled task that runs a script to update the registry key automatically after each update. However, there is no built-in functionality in the Microsoft Store version to handle this automatically at the moment.
For future improvements, it would be beneficial to provide feedback to Microsoft regarding this issue, as they may consider implementing a solution in future updates.
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