http://blogs.msdn.com/ie/archive/200...-7-update.aspx:
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Because Microsoft takes its commitment to help protect the entire Windows ecosystem seriously,
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(Are we running out of buzzwords yet? Every manager at Microsoft who uses the term "ecosystem" ever again ought to be fired on the spot.)
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we’re updating the IE7 installation experience to make it available as broadly as possible to all Windows users.
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That is a brilliant concept! Guess competitors haven't thought of that.
Wait a minute.
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With today’s “Installation and Availability Update,” Internet Explorer 7 installation will no longer require Windows Genuine Advantage validation and will be available to all Windows XP users.
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Yay!
No, I suppose that really is a step in the right direction. Wouldn't it have been even more beneficial, in light of things like
Storm, to get rid of WGA when it comes to any Windows security update?
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If you are already running IE7, you will not be offered IE7 again by Automatic Updates.
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You don't say.
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Additionally, we’ve made minor changes to IE7 for Windows XP based on customer feedback:
The menu bar is now visible by default.
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Double-yay! Common sense has prevailed, users have voted, this new invention of pull-down menus is really taking o…
…wait. 
Okay, so the two noteworthy changes in this update are steps
back. What does that tell you? Things aren't looking good for this browser.
Meanwhile,
guess what browser has the highest growth rate, and which one has lost the most.