"tree levels down".
Arrrrrh!
Hey Gregg, drag Activity Monitor to your dock, then it's not "tree levels down". One of the improvements in OS X!
Or, as I just discovered, I can, well, go to the Go Menu and select Utilities which opens the Utilities Folder in Applications, and pluck that Activity Monitor right off the top of the heap. Of course, while AM is running, its icon is in the Dock.
AM shows a bunch of mystery applications running:
57 launchd 0.0 3 512.00 KB 585.73 MB Intel
80 pboard 0.0 1 580.00 KB 586.63 MB Intel
77 UserEventAgent 0.0 2 2.07 MB 588.44 MB Intel
183 mdworker 0.0 4 2.36 MB 598.92 MB Intel
112 AppleSpell.service 0.0 1 3.70 MB 601.71 MB Intel
82 ATSServer 0.0 2 3.26 MB 618.99 MB Intel
90 iTunes Helper 0.0 2 2.26 MB 848.90 MB Intel
76 Spotlight 0.0 2 3.93 MB 859.87 MB Intel
22 loginwindow 0.0 3 4.76 MB 864.86 MB Intel
81 SystemUIServer 0.1 7 8.84 MB 906.80 MB Intel
And the ones that are fundamental:
78 Dock 0.0 3 15.61 MB 915.48 MB Intel
83 Finder 0.0 6 16.18 MB 931.87 MB Intel
As well as the ones I opened:
195 Activity Monitor 1.6 5 12.46 MB 950.21 MB Intel
91 Remember? 0.0 2 17.57 MB 990.02 MB PowerPC
108 Safari 8.3 12 96.17 MB 1.00 GB Intel
Of course, while AM is running, its icon is in the Dock.
You do know that you can click/hold on the icon in the Dock and set the app to remain in the Dock.
You do know that you can click/hold on the icon in the Dock and set the app to remain in the Dock.
I do now. I hadn't noticed the pop-up "contextual" menu ability there, as I tend to "click quick"(ly) and not hold. Although, I probably read that in Dr. Bob's book. I try to do things I read in there to help me learn (ie: remember) them (later), but that's one I forgot to try.
Or even better than using the go menu, use Spotlight! Just hit command+space to bring up the spot light window. Type in part or all of "Activity monitor" and hit return to open the application. I have really started using that a lot since Leopard, since it's a handy way to launch apps without remember where they are.
Or, do what krissel mentioned, but click on "Open at Login" instead. Then you have to do exactly nothing after that to activate it. 
Ok, I double-dog dare ya to come up with an easier method than 0 steps....