The Keyboard navigation major feature is now available with the Q2 ServicePack1 release. You can start using it immediately in WPF and Silverlight and as a result enhance your application’s Usability and Accessibility.

Try it yourself.
The API
The API is pretty straight-forward. First you should enable Key tips, for the instance of a RadRibbonBar, with simple attached property like follows.
<telerik:RadRibbonBar telerik:KeyTipService.IsKeyTipsEnabled="True">
Then you can attach key tip text to every component in the RadRibbonBar with simple line of code.
<telerik:ApplicationMenu telerik:KeyTipService.AccessText="F">
Some components need alternative key tip activation ...