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Glitch hits Kaspersky users

I'm getting reports of a glitch hitting Kaspersky users. 

The issue appears to be related to an update.  Affected users see a message that reads "previous application launch failed" and then the system crashes.  Endless reboots seem to be a symptom that some are experiencing.

A fix is promised by the good people at Kaspersky for later today.

Uh-oh ... we've got a few PCs here hit by the problem.  However, it looks like rebooting and re-running the update fixes the issue.