IE 7 DOA after May 5th Cumulative Security update

On my Windows Xp sp2 box I now cannot use IE 7 after running the Cumulative security update for Internet explorer 7 I was greeted with

"navcancl from ieframe.dll" on the first launch it would appear as if Internet Explorer cannot open any Internet files ie aspx, html ....

If any one know how to fix this please leave a comment.

Comments [2]
Wednesday, 09 May 2007 20:00:59 (Pacific Standard Time, UTC-08:00)
Hi - I posted this at http://blogs.msdn.com/ie/archive/2007/05/08/ie-may-2007-security-update-available-now.aspx? as well FYI.

If you get the "Do you really want to save this file? Name: navcancl" error try this:
Uninstall MS07-027 (IE Cumulative Security Update for May 2007 ) to get IE7 working again.

My flatmate had this problem right after the May 07 patches went in - After uninstalling MS07-027 his browser started working correctly.
He was running Windows XP SP2 with IE7 installed.
Thursday, 10 May 2007 05:25:04 (Pacific Standard Time, UTC-08:00)
Thanks Steve I did end up uninstalling the security update in order to get IE running once more.
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