No, I don't think it is. I'll have a bit more of a play tomorrow. The thing is I don't want the "quick press" output to trigger for the first second of the long press. It needs to be one or the other. I was thinking of maybe some sort of falling edge triggered thing. So as the button is pressed it starts counting to a second, if it reaches a second it triggers the "button held" output if released before the second elapses it pulses on the "quick press" output.
Make sense?