Phishing using IE7 local resource vulnerability

Summary
Internet Explorer 7.0 is vulnerable to cross-site scripting in one of its
local resources. In combination with a design flaw in this specific local
resource it is possible for an attacker to easily conduct phishing attacks
against IE7 users.

Affected versions
. Windows Vista - Internet Explorer 7.0
. Windows XP - Internet Explorer 7.0

Workaround / Suggestion
Until Microsoft fixes this vulnerability, do not trust the "Navigation
Canceled" page!

Technical Details and Proof-of-Concept
Can be found here:
http://aviv.raffon.net/2007/03/14/PhishingUsingIE7LocalResourceVulnerability
.aspx