Some updates put that little shield indicating that the computer needs to be rebooted. Is that shield a registry key? I thought it was the key:
HKLM\System\CurrentControlSet\Control\Session Manager\PendingFileRenameOperations
Source: http://technet.microsoft.com/en-us/sysinternals/bb897556.aspx
But my computer is showing the icon right now, and there is no PendingFileRenameOperations in the registry, so obviously it's something else, or a combination of things !?