The new version is up.... yey!! please try it out guys :P
You can get it here: http://www.youknow.za.net/twism/Q4FastStart05.rar
Changes
1. Name changed from "quake4 setup" to "Quake4 FastStart" (thx guladig)
2. Added functionality to browse cfg files for the "Execute config field"
3. Added functionality to create AAS files
4. Added Mapcycle creation(advnced and simple)
5. Fixed issue where selected bots were not being saved.
6. fixed issue where maps had no icon, a default icon is now used
7. Users are now able to delete bots
8. Two extra Bot options added, bot model, and bot rail color
9. fixed issue where bots randomly join teams(autobalance)
10. fixed issue where quake4 menu screen has a white background(still needs testing)
11. improved the def file creation when faststart is opened
12. Added confirmation messages to the various save and delete buttons
13. "Launch game" and "save settings" now do the same thing, except save settings doesnt launch the game.

NOTE* Please give me feedback on this version... there are bound to be bugs in it as I couldn't test it all by myself.

NOTE* Please read the readme. :P
Thanks to all the guys around here for your help.
Let me know what you think
Twism
***EDIT***
Hey guys
I have been woking on a frontend for sabot. Visit the oakbot forums for more information on features and so on http://oakbots.co.uk/forums/viewtopic.php?t=44
you can getit here http://www.youknow.za.net/twism/quake4setup.zip
You will also need two q4max files, pak002.pk4 from q4max 0.5 and q4max071.pk4 from q4max 0.71.
I can upload the first file aswell if you need, because it looks like q4max.com have taken it down.
Once you get the files, please read the quake4setup-readme.txt carefully.
So, please try it out, and let me know what you think. If there is something desprately missing, let me know and I'll try add it.
I'll be working on adding a mapcycle/playlist type feature, its a little harder then I initially thought
Thanks
Twis