Please note that I have a UX180P and Windows XP Pro (Original image, heavily modified). I have no idea if this applies to Vista or if there's an equivalent, someone might want to check?

Note also that I still have SmartWi installed, I just have WCULauncher.exe disabled in AutoRun and the SmartWiservice set to manual. If you're not sure how to do this, you might want to reconsider futzing with SmartWi.

On to the good stuff! The key turns out to be the tiny program:
C:\Program Files\Sony\SmartWi Connection Utility\WWANModuleUtils.exe
This is a command line only utility and the quick dump and scan along with a little experimentation have determined the following options:
/Cleanup : DON'T USE THIS! It seems to just delete the utility!
/WlanOff : Turns off the WiFi
/WlanOn : Turns on the WiFi and turns off the GC75 EDGE modem if on
/PowerOff : Turns the modem off
/WwanOnOnly : Turns on the modem BUT leaves the WiFi alone allowing you to have both enabled at once
/WaitDriverLoad : No idea what this does. Guessing that it's used to hold a startup process until the drivers are loaded during boot?
/PowerOn : Turns the modem on and the WiFi off if it's on
/Update : No idea what this does
Note that the utility doesn't give a help prompt that I could discover, nor does it give error messages for unrecognized commands. Commands appear to be case insensitive, but the above capitalization is how they appear in the binary.
The above is very fast as it's not doing SmartWi's XML, image, MFC and gods knows what else processing. A few shorcuts on the desktop to turn the hardware on and off suits me fine. I use the "WwanOnOnly" option rather than "PowerOn" for the modem just in case I feel like bridging my EDGE connection to WiFi and sharing it. Previous testing of mine has shown that the power consumed by these devices when not in use has a negligible effect on battery runtime, and certainly less than that wasted futzing with SmartWi. I do have the extended life larger battery, so I might be less sensitive than if I were using the regular one.
James