Here's something that works with the example you posted, but might not work with more sophisticated overlay specifications. There are two parts to the method. The first is a little addition to the overlay code which tries to establish whether the current frame was explicitly mentioned, for example the 3
in \uncover<3->
, or not, for example frame 4
in \uncover<4->
. If explicitly mentioned, it sets a flag. The second part to the method is a little addition to pgfpages
, imaginatively called pgfmorepages
(CTAN and github), which - amongst other things - introduces the possibility of skipping a page when shipping out pages. So this looks for the flag set by the first part of the code and if it doesn't find it, it ignores the particular page.
There is a snag. You can't use the transparent
option. That is because this does some look-ahead stuff and asks "Is this going to appear in a frame or two's time?" So it runs the overlay specifications with other frame numbers than the current one and that messes up the testing.
The other annoying bit is that each frame has to start with the command \mentionedsetup
. This could be automated by adding it to one of the templates.
Here's the code with some sample frames.
%\url{http://tex.stackexchange.com/q/56990/86}
% 1. NO NOTES
\documentclass[]{beamer}
%% 2. DUAL-DISPLAY NOTES:
%\documentclass[hyperref={bookmarks=true}]{beamer}
\usepackage{pgfmorepages}
%\setbeameroption{show notes on second screen=left}
\makeatletter
\newif\if@mentioned
\@mentionedtrue
\pgfpagesdeclarelayout{1 on 1 with possible skip}
{
\def\pgfpageoptionborder{0pt}
}
{
\pgfpagesphysicalpageoptions
{%
logical pages=1,%
physical pages=1,%
first logical shipout=1,%
last logical shipout=1,%
current logical shipout=1,%
}
\pgfpagesphysicalpage{1}{
skip code={%
\if@mentioned
\pgfpagesshiptrue
\else
\pgfpagesshipfalse
\fi
}
}
\pgfpageslogicalpageoptions{1}
{%
center=\pgfpoint{.5\pgfphysicalwidth}{.5\pgfphysicalheight},%
}%
}
\pgfpagesuselayout{1 on 1 with possible skip}
\def\slidereferenced{%
\ifbeamer@inframe
\global\@mentionedtrue
\fi
}
\def\mentionedsetup{%
\ifnum\beamer@slideinframe=1
\global\@mentionedtrue
\else
\global\@mentionedfalse
\fi
}
\expandafter\let\csname
beamerx@\string\beamer@inframenote\endcsname\relax
\renewcommand<>{\beamer@inframenote}[2][]{}
\def\beamer@decodeuntil-#1,{%
\ifnum1<\beamer@minimum\global\beamer@minimum=1\fi%
\ifnum#1>\beamer@slideinframe\global\beamer@anotherslidetrue\beamer@localanotherslidetrue\fi%
\ifnum\beamer@slideinframe>#1\else\gdef\beamer@doifnotinframe{\beamer@doifinframe}\fi%
\ifnum\beamer@slideinframe=#1\relax\slidereferenced\fi%
\beamer@@decode}
\def\beamer@decodeto#1,{%
\ifnum#1<\beamer@minimum\global\beamer@minimum=#1\fi%
\ifnum#1>\beamer@slideinframe\global\beamer@anotherslidetrue\beamer@localanotherslidetrue\fi%
\ifnum#1>\beamer@slideinframe\else\gdef\beamer@doifnotinframe{\beamer@doifinframe}\fi%
\ifnum\beamer@slideinframe=#1\relax\slidereferenced\fi%
\beamer@@decode}
\def\beamer@decodebetween#1#2,{%
\ifnum#1<\beamer@minimum\global\beamer@minimum=#1\fi%
\ifnum#1>\beamer@slideinframe\global\beamer@anotherslidetrue\beamer@localanotherslidetrue\fi%
\ifnum#2>\beamer@slideinframe\global\beamer@anotherslidetrue\beamer@localanotherslidetrue\fi%
\ifnum#1>\beamer@slideinframe\else\ifnum#2<\beamer@slideinframe\else\gdef\beamer@doifnotinframe{\beamer@doifinframe}\fi\fi%
\ifnum\beamer@slideinframe=#1\relax\slidereferenced\fi%
\ifnum\beamer@slideinframe=#2\relax\slidereferenced\fi%
\beamer@@decode}
\def\beamer@decodeone#1,{%
\ifnum#1<\beamer@minimum\global\beamer@minimum=#1\fi%
\ifnum#1>\beamer@slideinframe\global\beamer@anotherslidetrue\beamer@localanotherslidetrue\fi%
\ifnum#1=\beamer@slideinframe\gdef\beamer@doifnotinframe{\beamer@doifinframe}\fi%
\ifnum\beamer@slideinframe=#1\relax\slidereferenced\fi%
\beamer@@decode}
\makeatother
\usepackage[english]{babel}
\mode<presentation>{
\usetheme{Warsaw}
% \setbeamercovered{transparent}
}
\begin{document}
\begin{frame}{Testing}
\mentionedsetup
\uncover<1->{hello}
\uncover<3->{world}
\uncover<5->{greetings}
\uncover<7->{earthlings}
\end{frame}
\begin{frame}{Introduction}{}
\mentionedsetup
\begin{itemize}
\item hello world
\uncover<1->{\item Here is my first point}
\uncover<2->{\item Here is my second point}
\uncover<4->{\item With notes on, I would expect it to take two
clicks to get here from the last point, since there are two notes. But
with them off, I would expect it to take one click.}
\uncover<5->{\item This is my third point. I have four notes about
this point, so with notes on, it should take three more clicks to get
to the next slide. With them off, however, it should take one. }
\end{itemize}
\note[item]<1->{Here is a note about my first point}
\note[item]<2->{Here is a note about my second point}
\note[item]<3->{Here is \textbf{another} note about my second point}
\note[item]<4->{Here is a note about my third point}
\note[item]<5->{Here is the second of several more notes about my
third point}
\note[item]<6->{Another one}
\note[item]<7->{And another}
\end{frame}
\begin{frame}{Another slide}{}
\begin{itemize}
\uncover<1->{\item Not much to say here}
\end{itemize}
\end{frame}
\end{document}
Oh, and we have to redefine the \note
command. Even when the notes aren't shown, the command is processed. So we have to redefine it to be a NO-OP to ensure that the resulting overlays aren't read.
Here's the first few frames of the above, showing that frames 2,4,6 get skipped.

Best Answer
You need to view the resulting PDF in full screen mode of Adobe Reader. See Beamer Guide ยง14.3 Slide Transitions for more information.
The following screenshot shows that the PDF contains 3 pages/slides but all numbered "1". In full screen mode, The following happens in sequence:
\transduration<1>{2}
)\transfade<2>
).\transduration<2>{2}
)\transfade<3>
).