Patching Instructions for those Not running a Genuine Copy of Windows XP:
1) Download the patched iecustom.dll here
2) Using a program like WinRAR, extract the contents of IE7-WindowsXP-x86-enu.exe to a random temporary directory
3) Open up the new temp dir and browse to the “update” folder
4) Replace iecustom.dll with our Patched version
5) Now, run update.exe, NOT iesetup.exe
+ Download Installer: IE 7 Beta 2
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