Guys, this is NOT funny. I just spent the better part of 7 hours fixing this damned thing on our network.
1) It launches automatically (from either a web-page or hidden email attachment)
2) It writes itself over the load.exe and rich-something.dll files in the Windows/System/ directory
3) It edits the system.ini file to launch itself on a re-boot
4) It creates *.eml and *.nws files in nearly every directory on the computer (taking hundreds of megs of space).
5) It opens sharing privlidges on your drives and makes its way across the network
6) It's a pain in the @ss to kill
So, I wouldn't exactly say it does NOTHING. McAffee will kill it, but you have to run a full sweep with the latest definitions on EVERY file, not just the default ones (I found that didn't work).
Anyway, best of luck, this sucker already cost me a day of getting absolutely NOTHING done.
- V