Motorola Droid Razr :: Power Button Should Silence All Sounds?

You know how pushing the power button silences the ringer when someone calls and you don't even have to pull your phone out. It would be nice if you could do that with the notifications also, like text and email etc. Cause sometimes I can't just get my phone out cause I'm doing something or have my hands full and so on. It should be like that with all of the sound where you can just hit the power button to silence the ringer on everything.