Unlike most updates marked as “Important Update”, this one requires a manual license agreement confirmation:
Microsoft Office File Validation Add-in
PLEASE NOTE: Microsoft Corporation (or based on where you live, one of its affiliates) licenses this supplement to you. You may use a copy of this supplement with each validly licensed copy of Microsoft 2003 & 2007 Office System Desktop Application software (the “software”). You may not use the supplement if you do not have a license for the software. The license terms for the software apply to your use of this supplement. To read the license terms, go to the “Help” menu in the software. Microsoft provides support services for the supplement as described at www.support.microsoft.com/common/international.aspx.
Though the security advisory was more than 2 months ago, it only got pushed to Microsoft update this week.
Good thing though that finally Microsoft is able to check the integrity of their document formats in Office 2007 and 2003: Microsoft Security Advisory: Microsoft Office File Validation for Office 2003, 2007 Office, and Office 2010: April 12, 2011.
–jeroen