This is false security. The CoolWebSearch hijackers are masters at altering Read-only HOSTS files. The only way to protect the HOSTS file from hijackers is to be loged on as a low access user on Win2K/XP.
You should also make this file read only so that it can not be modified by a malicious program, which there are known Hijackers that are known to do this.
In the Block Spyware/Ad Networks section there should be a hint about browser slowdown when using a large HOSTS file with Win2K/XP. This is because the DNS Client Service must cache the HOSTS file. The DNS Client Service in an un-needed service in Win2K/XP.
Equal space should be offered for the hpHOSTS file and a couple of usefull HOSTS file utilites.
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HOSTESS manages multiple HOSTS files and insures no duplicates