I'm personally not a big fan of apps that do anything with my %path%, people that work with command line tools probably know how to change %path% or use doskey (alias).
If you want to use a batch file you should be able to get away with a one-liner like @"c:\path\to\my\app.exe" %*
but a batch file wrapper like this makes the Ctrl+C handling very annoying.
Putting it in $windir should make it work with both x86 and x64 shells without having to worry about filesystem redirection...