Error in V2 when installing .Net Framework 3.5 SP1

Microsoft SharePoint Team has posted a blog announcement about V2 becoming unuseable when you install the .Net Framework 3.5 SP1 on the server. 

The long and the short of it is that this is not a good idea and you will be left with a series of uninstalls and reinstalls for the .Net Framework. 

Here is the link for the SharePoint Team blog alert on this issue. 

Microsoft Knowledge base article 957254.

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