Sure, it is possible...
Open the menu.ml with a simple text editor(Notepad), but if you have an xml editor the editing will be a lot easier due to sintax highlighting(the menu.ml is an xml file).
You need to cut the lines between <!-- Desktop Element 3 --> and <!-- Desktop Element 4 --> (3rd element - the entertaiment menuitem), and exchange with lines between <!-- Desktop Element 6 --> and <!-- Desktop Element 7 --> (6th element - the media player menu item)...
Simple eh?;)