Here's the information I've received:
"The worm uses the Unicode Web Traversal exploit. A patch and information regarding this exploit can be found at http://www.microsoft.com/technet/security/bulletin/ms00-078.asp.
When the worm arrives by email, the worm uses a MIME exploit allowing the virus to be executed just by reading or previewing the file. Information and a patch for this exploit can be found at http://www.microsoft.com/technet/security/bulletin/MS01-020.asp
Users visiting compromised Web servers will be prompted to download an .eml (Outlook Express) email file, which contains the worm as an attachment.
Also, the worm will create open network shares on the infected computer, allowing access to the system. During thisprocess the worm creates the guest account with Administrator privileges."
(Smartreminders.com)
The CERT advisory number is CA-2001-26 at www.cert.org