Hi Vaios,
short answer, no.
Long answer, you can but you need to develop an external application to do it, and use 1 field in order to say if it was printed or not. Then the users access the newly created application, and if they access OnDemand via the gui, then you don't show the folder!
We have developed such application in IBM Switzerland for some special customers, because they have some legal requirements that says that an original document needs/must be printed only once.
I don't know if it is what you are searching or not.
Best regards,
Alessandro