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RunDll32.exe InetCpl.cpl,ClearMyTracksByProcess 1
Reference on Microsoft Developers forum [microsoft.com]
But this is new for IE7. I'm guessing that you will have cross-browser issues unless you are working in a highly controlled intranet or extranet environment.
Even if there was a solution you could implement into a website (if that was the customers original intention) it would be impractical unless the user stayed on that website. As soon as the user navigated away, they would loose their one-button functionality anyway?!
The browser history can also be disabled if that is any help?