Wow - having read those links... don't MS even bother to test these things any more? Oh, what am I saying, we are the test! Reason to disable automatic updates number 3781...
Where I work, we had nearly 15 computers come in today relating to outlook crashing and this updates. Freaking crazy
Yeah, they published a fixed version of the update that no longer causes the issues with Outlook. If you see the update available to you now, it should be the fixed one (released under the same KB#).