Shortcut to a favorite report

Shortcut to a favorite report

Hi All - I would like to create a shortcut to a report that we run very frequently on prospects.  It would be extremely helpful to have a shortcut to this report from the contact's or accounts module page while in the prospect.  

I know there are no shortcuts to reports right now but is there a work around anyone could thing of.  With the new custom button functionality, i am wondering if its possible to create a button that takes info from the account I'm in and run a specific report. 

Would love to hear some creative solutions or let me know if i'm asking for the impossible.  

Thank you,
Boris