Not without modifying the formula in A3. The filter options in 2007 were much improved over 2003. Your header indicates you have 2007 which is why I used it.

In 2003 use in A3 and copied down

=IF(MONTH(B3)=MONTH(B4),"",IF(MOD(MONTH(B3),3)=0,"Q","M"))
Then filter column A for either "M" for month or "Q" for quarter.