I was asked by my good friend Adam Cogan from down-under how to change the HTML Editor that Internet Explorer uses for the Edit Button in the Toolbar.
It seems that the list is the same as when you right-click (see image below) on the file in Windows Explorer and select "Open With." More details on adding Editors (or any editors for that matter) at MSDN's Internet Explorer Client Registry Layout, also included below.
The steps for adding HTML editors to the drop-down list on the Programs tab of the Internet Options dialog box in Internet Explorer 5 and later are slightly different than the steps for adding client applications like mail and news.
HKEY_CLASSES_ROOT\.htm\OpenWithList\friendly name
HKEY_CLASSES_ROOT\.htm\OpenWithList\friendly name\shell\edit\command
"c:\program files\microsoft front page express\bin\fpxpress.exe %1"
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