It has allowed the Mirabilis server to modify your ICQ client and send it commands when connecting to their servers. It's been seen to instruct PC's to send various components of the system registry to the ICQ servers periodically. This allows Mirabilis to see what software you have installed on your computer, serial numbers used, your name, your company and in some instances even your home address! Check this out ...
http://members.xoom.com/funky_fred/icq.html . Here
Note.. just copy and paste this regedit4 info to a text file and name it icq.reg then find the icq.reg you just created and saved with windows explorer and click and import it to disable this option.
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[HKEY_CURRENT_USER\Software\Mirabilis\ICQ\DefaultPrefs] "Auto Update"="No"
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