Via C|Net:
Critical IE 7 exploit making the rounds
Microsoft issued a critical security warning Tuesday that a malicious exploit is making the rounds and attacking vulnerabilities in Internet Explorer 7. [...]
You almost have to wonder why they even bother making the announcement. Has there ever been a period longer than about a week when there was NOT some unpatched system-pwning Internet Explorer exploit in the wild?
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It installed every malware product you could imagine: the installer looked perfectly legitimate, the website was stunningly well designed, and the only sign that something was wrong was when the maching started metaphorically spewing blood out of all its orifices.
Had the malware been less aggressive, we probably wouldn't even have noticed for a week or so, but it made the machine so unusable that we had to reformat and reinstall the same day.