In my case, I had IE6 and Windows XP SP2.
Yesterday I did Windows Updates and got IE7 and XP SP3.
I did try resetting the settings as instructed in the Microsoft bulletin, and it didn't work for me either.
I uninstalled IE7 (to revert back to IE6) and it still does the same "opens, flashes, closes" thing.
I downloaded the file to install IE8, but have not installed IE8 because I have a feeling that IE8 is going to have the same issues.
I am seriously considering just leaving it "as is" because I wasn't a fan of IE to start with (I use Firefox),
and I don't like the idea of uninstalling SP3 (because of security vulnerabilities in Windows XP SP2).
I do wish there were not so many issues and computer wierdness that can and DO happen as a result of updates.
I continued to search through the Microsoft site this morning, and did not find any other articles or other possible fixes, which was disappointing.