I want my AltGr key to behave exactly like left Alt.
Usually, I do this kind of stuff with Autohotkey, but I\'m open to different solutions.
I got a decent behavior by combining two hotkeys:
LControl & RAlt::Send {Alt}
RAlt::Alt
The first one is for the standalone keypress (avoid to hold it down...), the second one to be used as combination (Alt+F, etc.).
It isn't perfect, you can't do a combination like Ctrl+Alt+T, but perhaps it is enough for your needs.
Note that you can do a permanent remapping using the registry. See this forum post for an example. Not sure that it applies to compound keys like this one, but I thought I should mention it...