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Under JDK 1.4 at least, the initial focus in the MenuData panel of the NMW is given to the Keyboard Shortcut field. If you do not want to provide a shortcut, you can TAB out of it. If you tried to jump to the Name field with Alt-M, that will become the shortcut instead! And once there is some shortcut, there is no apparent way how to remove it except by restarting the wizard - selecting the text and pressing Delete just chooses Backspace as the shortcut. Probably the shortcut field should be a read-only text field, with an adjoining "Grab..." button.
Fixed in trunk.
Resolved for 3.3.x or earlier, no new info since then -> closing.