There is a new windows flaw out there. MS recomments everyone updates ASAP. It sounds like a typical outlook virus, executing arbitrary code via web pages or email (outlook email that is), and is interesting because it affects so many different versions of windows. The good news is if you are using OE 6 or Outlook 2002 you aren't affected.
WASHINGTON -- Microsoft Corp. on Wednesday warned about a serious flaw in almost every version of its popular Windows software that could allow hackers to seize control of a person's computer when victims read e-mails or visit Web sites.