The solution that I found while playing around with Toolbars in Reader is as follows:
2. Drag this "QuickPrint" toolbar to the main application toolbar so that this toolbutton now becomes a part of the main aplication toolbar (see screenshot attached).
3. Now, open any pdf in browser and "QuickPrint" tool button is also going to be there.
Please note that I tried this with Adobe Reader 9.3.2 and IE6
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In fact, the tool button starts appearing just by refreshing/reloading the pdf in the browser.
PS: I now use Adobe Reader 9.3.2 and IE 8 or FF 3.6.3