Microsoft released a couple of days ago (february 15th, 2006) that they found a new flaw in the Windows Media player, and that it could also affect Internet explorer.
Basically, this flaw would allow the execution of other files on your computer.
Always update your PCs. Windows systems all have automatic updates built in to the operating system, automatic updates is definately a nice feature to have.
You can find more on automatic updates here:
http://www.microsoft.com/security/default.mspx
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