When MBSA 1.2.1 tells you this about MS04-025, it’s probably safe to ignore.

A required registry key does not exist. It is necessary in order for this patch to be considered installed. [SOFTWAREMicrosoftInternet ExplorerActiveX Compatibility{3B7C8860-D78F-101B-B9B5-04021C009402}Compatibility Flags]

Check the file versions listed in the bulletin, but it’s probably wrong.

Oh, and this guy deserves a nice pat on the back for wonderful instructions on how to patch an Office 2003 administrative install share. Amazingly enough, patching the install share and then calling setup.exe REINSTALL=ALL /qb /L*v c:o2k3re.log actually works as advertised.

(And it looks like my stylesheet still needs some adjustments)