I actually have come across some VERY cool software. Its called "headsetbutton" and it can be found at
www.headsetbutton.com. It has three functions... 1 press double press and press and hold, which can be assigned to whatever controls you want.
I will post this in the software section.
Please if you need to control media player with your wired headset button, check out
www.headsetbutton.com.
Thanks