This script should be run whilst a track you don't like is playing. It will ask for confirmation, and then remove the track from Now Playing and delete it from your computer.
Skip can be created anywhere as it runs externally to MM. Call it anything you like as long as the file extension is VBS. Most people wouold chose to assign a keyboard hotkey to this script.
This script has been discussed and developed here: http://www.mediamonkey.com/forum/viewtopic.php?t=6822
. This is the official release.
NEW CODE BELOW