Symantec has a patch for it now. You'll need to install their AV software however to run the fix. This is virus is very nasty, but you can get rid of it. Here's what ya do.
Write a file to the winnt/system folder (windows/system) named sample.eml. Then go to a command prompt change to the above directory and type (attrib +r sample.eml). Reboot.
What this does.... Basically the virus starts by writing a file to that directory named sample.eml, however, because the file already is present and read-only, the virus choaks in memory (GPF).
If you have the virus on your machine, after reboot. Bring up a command prompt and change to root (c:\). type this command (del *.eml /s). This will remove all of the eml files the virus created.
Once you have done all that you can install a scanner and update the virus defs. Run the scan (make sure you are scanning all files) and let it clean and remove all infected files and there will be a ton of them! Rinse and repeat until the scanner does not find any files.
Your not out of the woods yet. Make sure you have all your IIS/IE5.01 patches on the machine otherwise you will have to do this all over again if another machine on the inet passes it back to you.
A couple of things I didn't address up top.
1) Disable the guest account or at least remove it from the Admin's group
2) Fix the issue with the root of all drives shared to the world
3) Win9x users delete the following text from the Shell= entry in system.ini: load.exe -dontrunold
Hope this helps.
BTW, you can run the scanner with the machine infected (or at least with the virus in memory) however, I've had several engineers call me and say that the virus potentially will grab the main exe scanner file and modify it while the scan is taking place.