The short answer is no.
I'm reasonably certain no Intel CPU has used the one-bit predictor you describe.
The original Pentium used a two-bit descriptor, much like you describe. The four values it used were normally described as "strongly not taken", "weakly not taken", "weakly taken", and "strongly taken". Anytime a branch is taken, the counter is moved one spot toward "strongly taken". Anytime a branch is not taken, it's moved one spot toward "strongly not taken". It's a saturating counter, so if (for example) a branch is taken when the counter is already at "strongly taken", the counter simply doesn't change. [I should add: this is how Intel documented it, and apparently intended it to work -- if memory serves, Agner Fog and Terje Mathiesen found that it really works a little differently -- and, generally not as well as this would).
As of the Pentium/MMX and Pentium Pro, they designed a somewhat more sophisticated two-level branch predictor. It added a 4-bit branch history, which it used to select one of 16 2-bit counters. This meant if you had a pattern of (for example) taken, taken, not taken, taken, (then repeat) it would quickly adjust to that, and predict all the branches correctly.
I'm not sure about the details of the branch prediction in the i7, but I think it's safe to say that it's at least as sophisticated as the Pentium Pro's was, not a throwback to the original Pentium's.