+1  A: 

no, there isn't

adf88
Are you also able to reproduce the same behavior? I wonder if this isn't getting in your way of coding...
Sung Meister
+1  A: 

The only way I was able to reproduce this was by setting my resolution to a lower value to where the ContextMenu actually does not fit on the screen. In your screenshot though it does look as if the ContextMenu is opening up towards the top and hitting the top edge of your screen, which is that case the scrolling is normal behavior.

There is no way that I know of to change or customize the behavior of the ContextMenu within Visual Studio.

Edit

Accoring to this topic, it is a known issue scheduled to be fixed in a future release.

David Anderson
Do you think it'd be feasible to write an extension to change the behavior myself?
Sung Meister
http://www.helixoft.com/blog/archives/16 shows you how to modify the menu for Code View, but I am not sure if there's a way to do it for right clicking projects. What you are experiencing is just the default behavior of almost any context menu control.
David Anderson
Thanks, David. I have voted on Microsoft *Connect* site for this annoyance to go away. If i were to create a Visual Studio extension to get around this, I'd post the link here.
Sung Meister