(Edited with the new option without interaction)
Yes, this will absolutely reduce the bounce rate to zero (unless you explicitly set a new non-interaction flag).
For past data, the closest proxy to the bounce rate, when each page sends a few clicks to Google Analytics, uses โVisit Depthโ; % of visitors who view exactly 1 page are a close proxy server for the bounce rate in the instance you describe, because it does not include event tracking.
UPDATE Nov 2011
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