Microsoft PowerPoint contains a flaw that may allow a malicious user to execute arbitrary code. The issue is triggered when a user opens a malicious PowerPoint PPT file. It is possible that the flaw may allow execute arbitrary code with the privileges of the user resulting in a loss of integrity.
There has been information that the exploit is triggered not upon opening, but rather upon user interaction with the file once it has been opened. This could not be confirmed.
Solution
Currently, there are no known workarounds or upgrades to correct this issue. However, Microsoft has released a patch to address this vulnerability.
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This section lists the latest news and blogs found via the daylife API (and for older items, the technorati API), which mention or otherwise discuss this vulnerability.