We've given some thought to that behavior recently, and, let me tell you, we're on the same track with you on that one. We've started implementing improvements in that direction there which are now working for the Visual Aid menu. So, with our next major release you'll be able to invoke the Ctrl+` Visual Aid menu and the mouse pointer will not move the selection of the menu items from its initial position. We'd very much appreciate it if you give that functionality a try, once it's out.
Unfortunately, this is still not available for the popup menus (Alt+Enter, and the likes). We're still working on improving the popups, so stay tuned for updates.
the Telerik team
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