The simple answer is no due to the different mechanisms used to control visibilty of properties vs Attributes in 2005 and earlier. The request has been posted on the ideas site as Idea D3118 you should consider voting for it. The light bulbs turned on/off visibility rather than changing the visibility setting directly, we may implement such a feature in a future release depending on the usual factors of priority and resources.
Thank you for your quick response. I have a few EE's that are resisting the change and they want to use their older and engrained methods. For now, I'll offer them AVIS, and AINVIS command line inputs. I am looking for a way to have these commands run from an ICON (separate post) but so far have not found a solution. Thanks again,