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from the KB web page:
http://support.microsoft.com/kb/967715

Do these updates disable Autorun capabilities?

No. The updates that are offered correctly respect the registry key values that disable Autorun capabilities. These updates do not change the registry key values and will continue to respect values that were already set before these updates were installed. If the registry values were not set before you install these updates, then the registry key settings will have to be set appropriately in order to disable Autorun capabilities.