There's a key labeled RESET on my computer that does that in a flash!
Do you want to minimize them, or close the programs? You could write a script with AutoIt to do something like this. You'd just get the active window, close it, get the next one, close it, etc., until you ran out of active windows. Should be pretty simple to do.
I know what you mean, there used to be this function in win98 from what I remember, you could hold shift and close one window and everything else would terminate as well..... It's not in win2k/NT though, and scripting is way beyond me
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