*Update Rollup 1 for Exchange Server 2007 Service Pack 3 (KB2279665)* 
<http://support.microsoft.com/?kbid=2279665>
This update rollup resolves problems that were found in Exchange Server 
2007 Service Pack 3 (SP3) since Exchange Server 2007 SP3 was released 
and replaces previously released update rollups for Exchange Server 2007 
SP3.

Sync'd up on WSUS tonight but does not include the remote file access in 
OWA fix that was broken in SP3.

That fix will be in update rollup 2.
So if you depend on remote file access via OWA don't install SP3 yet.  Remember that SP3 is not offered up on WSUS.
 

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