App to one touch silence notification while SOUND IS ALREADY PLAYING.

Sorry for the Caps, but I asked this question a few months back, and all I got were apps to set up profiles. I could care less about those.

I want a process running in the background that will allow me to silence an incoming notification (MMS, SMS, Email, FaceBook, Battery Low, Connected to computer, etc etc).

Example: Sitting in surprise meeting, and forgot to silence my phone. If I were to get a phone call, I can mash the hard buttons through my pants, and the ringtone goes silent, just like that. I want that functionality for a notification sound. Say, somebody sends me a text message, and for that individual i have "Bye Bye Bye" from N'Sync as their ringtone.
If that were to happen in the meeting, I would have to adjust, pull my giant phone out of my pocket, wake up the screen, unlock it, then pull down the notification bar. By the time I silenced the phone, the song would have through the second verse, and my reputation shattered.

So, if theres any apps like that, I would love to know about them.

Current phone Droid X with Liberty 1.0 ROM.

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