How do you stop the "Default SMTP Virtual Server" from sending bounce messages for email addresses that you don't have?
i.e. I'm using IIS' SMTP server to handle my email and if an email is sent unknown at mydomain.com a bounce email with 'address not known' (or something like that) is sent back to the sender. I want it to silently fail.
I found this article which has a script you can run to configure a catch-all account on your server. All emails which would generate a NDR will instead be directed to this account. Sorry, I haven't tested it. The article above has been removed here it is via the WayBack Machine
Basically the short answer to your question is no.
On another note, if you don't want to spend any money, or have no budget, and want a better email system, try something like Smarter Mail which you can use for free up to 10 users. I am sure there are others out there, but I have used Smarter Mail in the past successfully.