Actually, isn't D (on soprano/tenor) the only note that requires a totally open thumb hole? because if that's the case, instruments that have a suitably in-tune alternative fingering for that note wouldn't need a double-key at all; a single key would either close the hole completely or open it halfway. (Or the thumb hole itself cut be cut in a half-moon shape.)
I've been told that adding an octave key would rob advanced players of the ability to tune individual notes on the fly. But to my mind, those advanced players probably wouldn't need this kind of a cheat anyway, unless they become physically disabled. This would mainly be helpful for lazy doublers who only play recorder occasionally, or for people with thumb problems....
Another example can be seen on this page about the Dolmetsch Millenium great bass and contrabass series (the picture toward the bottom of the page):
http://www.dolmetsch.com/millennium.htm