Update:

The following commands in a batch file will also restore ActiveX functionality without uninstalling the updates.
@del "C:\Documents and Settings\%USERNAME%\Application Data\Microsoft\Forms\*.exd" /s
@del "C:\Users\%USERNAME%\AppData\Roaming\Microsoft\For ms\*.exd" /s
@del "C:\Users\%USERNAME%\AppData\Local\Temp\Excel8.0\* .exd" /s
@del "C:\Users\%USERNAME%\AppData\Local\Temp\VBE\*. exd" /s
@del "C:\Users\%USERNAME%\AppData\Local\Temp\Word8.0\*. exd" /s

__________________
Cheers,
Paul Edstein
[Fmr MS MVP - Word]