I found this neat little trick that stops the taskbar from grouping apps and still hides the labels, something the taskbar settings do not allow.
1. Open the taskbar settings and select either combine when taskbar is full or never combine, depending on your preference. 2. Open the Registry Editor and add a new string called MinWidth to HKEY_CURRENT_USERControl PanelDesktopWindowMetrics and set to 54 3. Either reboot or logoff/login and you will have this new feature.
Many thanks to the Windows Seven Forums for this neat trick. I have attached a picture that shows it working.