Like the title says it all I cant find a Save Session in Lancelot like the one that the default Kde menu launcher has, but it seems that Lancelot does not have that or I can't seem to find it, Mr. Lancelot ?

Yes, that one has been on my TODO list for some time now, but I haven't got around to doing it yet.

And as time passes, it seems more to be a futile job, that is, when activities (sessions on LSD and steroids) arrive in 4.6 (hopefully) saving sessions will be irrelevant.

Oh thats great news about the activities, hopefully gets in by kde 4.6, thanks for the reply mr. lancelot.

No problem