Microsoft is releasing another "out of band" update tomorrow. This update is to fix a recently discovered zero day vulnerability in Internet Explorer 7 that is actively being exploited.
More information about the vulnerability can be found at Microsoft's Security Advisory page.
It's not often that Microsoft breaks their update cycle to release a patch but when they do it's generally a good idea to get that patch installed or face infection.
Microsoft Security Bulletin MS08-067 released this morning outlines a vulnerability in the Server Service, of ALL Versions of Windows, that allows for remote code execution (RCE).
In an attempt to bolster the number of drones in their botnet the Storm Gang has started sending out more spam email.