i have a feeling that problem will be there for all the 9x versions, and probably all the NT ones too, i can't talk for CE or the 8bit ones though.
This doesn't sound too threatening, but it's not a large chunk of stuff, and it sounds like, it could be shoehorned into another fairly small bunch of code, and circulated easily, probably without any executables et c et c, as you say, easily bringing windows to its knees, which is what we like to see after all!