To anybody else who might be interested, the answer to this question is No.
Q: Below the standard Outlook 2002 toolbar, I see a toolbar that contains
icons for back and forward Web functions and a URL field. Can I get rid of
this toolbar?
A: In addition to letting you type any Web address into the Address box and
browse directly from Outlook, this dark gray bar displays the name of the
current folder. If you aren't displaying the Folder List, you can click this
folder name to select another folder that you want to show in the current
window. When you drag any Outlook item to the folder name, the full Folder
List will appear, letting you choose a folder in which to drop the item.
You can use this bar's back and forward buttons not only to navigate Web
pages that you recently accessed through Outlook but also to browse through
Outlook folders that you recently viewed. If your mouse or keyboard has back
and forward buttons, you can also use them to page through recently viewed
Outlook folders.
You won't find this bar in the list of Outlook toolbars that you can enable
and disable, so you can't get rid of it. If you find the Web controls
distracting, you can drag the vertical bar to the right to hide the
Web-specific controls.
Microsoft is eliminating this bar in Outlook 2003, along with the ability to
browse Web pages in Outlook.