Microsoft has released a new patch to fix a buffer overrun vulnerability in a service that runs on Windows 2000, XP and 2003 systems. This is a remote code execution hole that would allow an attacker to take complete control of a system.
If you are behind a firewall that blocks ports 137-139 & 445 then you are somewhat shielded from this problem, however, it's best to apply the patch.
SANS has more information on the current worm activity.
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