Yes it is possible in some way.
If you are using S&T 2009, there is a free tool called S&T Keys 2009 that gives this function. You can navigate full screen or not and by just pressing a single key, you will have nearby place around your gps location. It is not perfect, but you can install it and give it a try to see if it meets your needs.
You can see in my signature the link for S&T 2009 HotKeys. Read the online manual to get additionnal details...