I was just about to replace a TEdit + TButton combination with one TButtonedEdit control but when I tried to test it, I found no way to "press" the (right) button using the keyboard.
I tried Alt+Enter, Alt+Down, Alt+Right, the same keys with Ctrl and a few more key combinations but none of them worked. The VCL sources did not shed any light on this issue either (but hey "professional programmers don't look at the VCL sources" anyway)
Am I missing something?
This is with Delphi 2010 on a Windows XP box, the TButtonedEdit component was introduced in Delphi 2009 IIRC.
Note: I have accepted Andreas Rejbrand's answer because it answers the question. But I have also added my own answer for the benefit of those who might be interested in what I actually implemented.