Can you use two different forms? One form for the dropdown menu and another form for the rest of the inputs and put one submit button in each form? If you click the submit button in one form, do the inputs from the other form get submitted to the server?
EDIT: I looked around a bit - as I'm sure you're already aware, I don't know lick about CF - and came across this link:
http://cfdj.sys-con.com/read/42040.htmThe last paragraph on the page reads:
QUOTE
When you name submit buttons, you treat them as any other form field. Listing 12 demonstrates how to determine which submit button was clicked. The code <CFIF FORM.Operation IS "Update"> checks to see if the Update button was clicked, and <CFELSEIF FORM.Operation IS "Delete"> checks to see if Delete was clicked, but only if Update was not clicked.
If that's the case, maybe you could name your form submit button "Submit" and the page refresh button "Refresh" and use that funky looking <CFIF> tag to see if "Refresh" was clicked. Then, maybe, you could look at the value of your dropdown and reload the page with some new value in the query string (e.g. mypage.cfm?item=4).