Clipboard management like Linux in Windows

Question

In Linux, if I select a text I can paste it in another place with a click of middle mouse button and there is no need to right click and copy or using ctrl+c hotkeys for doing so.

Also the selected text does not interfere with the normal copy paste actions. Is there anyway I can emulate the same in Windows 7?

Answer 1

For Windows XP, Microsoft released a powertoy called TweakUI; it includes a feature called X-Mouse, which would do what you need, but I don't know if it works with Windows 7.