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European Union set to revise cookie law, admits cookie banners are annoying
(www.techspot.com)
This is a most excellent place for technology news and articles.
Am I mistaken in believing it is an already a browser option?
Off the top of my head Qutebrowser and Falkon both support not-saving 3rd party cookies.
Your browser can not save third party cookies, but it might break some sites. Some advertising situations allow the use of first-party cookies, and blocking first-party cookies will break most sites.
In either case you will still have to fill out the consent form, and if the consent is stored in the kind of storage you block, then you will have to fill it out every single time you visit.