I had thought that this feature existed in newer version of the software, also, but forgot to mention that thought in my post. I am using 1.03 until I'm finished ripping my CDs; a long press of Play/Pause on the remote does nothing.
I will be upgrading to 2b11 and Hijack once I have finished my ripping.
So, I assume that the exact feature I want exists in newer versions of the software, correct? If so, then my problem will solve itself when I'm done with my CDs.