Windows 7 shortcut arrow is too big

The Windows 7 shortcut indicator arrow is way too big. It covers a fourth of the actual icon.

Here's a procedure that worked for me to switch to the smaller XP overlay arrow:

http://www.sevenforums.com/tutorials/10945-shortcut-arrow-change.html

Update: 2015-01-19: The original url is obsolete.  The updated url is http://www.sevenforums.com/tutorials/3606-shortcut-arrow-change-remove-restore.html