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There is also another "hidden" window, accessible from the menu bar control after you have enabled it. It is called the Processor palette and looks like this:
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Edit (16:22): Rui Paulo writes in a comment that this is available if you install Xcode. It turns out I have had Xcode installed for ages, but my installation did not contain the CHUD tools. I recently added them to the system, which must be the reason behind this new item in the system preferences. So... this is not related to the 10.4.10 update I mentioned at first.