A serious security vulnerability has been discovered in QuickTime on both Windows and Mac operating systems. The vulnerability lets remote attackers execute arbitrary program code that can do almost anything to a computer.
QuickTime is used by many websites to stream audio or video (it is not used by the S-Meter site). It is used by iTunes. It is used by other programs. Most computers have QuickTime installed. It probably is installed on your computer even if you are not aware of it. Your computer can be seriously damaged by merely visiting a specially crafted website or by merely opening a specially crafted e-mail if QuickTime is installed.
There is no currently-known way to fix the vulnerability in QuickTime. The only currently-known solution is to disable it so it can't damage your computer.
The U.S. Computer Emergency Readiness Team (US-CERT) has issued a National Cyber Alert System warning about this vulnerability here:
http://www.us-cert.gov/cas/techalerts/TA07-005A.html
They also have posted workarounds to disable QuickTime so it can't damage a computer here:
http://www.kb.cert.org/vuls/id/442497
-Bob