Ran into PestTrap, one of the notorious anti-spyware tools. PestTrap installed itself on the system through a security hole along with some other components marked in red:
FreeFixer v0.22 log http://www.freefixer.com/ Operating system: Windows NT 5.1 Log dated 2007-10-08 18:08 System policies HKCU\..\policies\system, Wallpaper = (Remove) Registry Startups HKCU\..\Run, MSMSGS = "C:\Program\Messenger\msmsgs.exe" /background HKCU\..\Run, Windows installer = C:\winstall.exe (Remove) HKCU\..\Run, PestTrap = C:\Program Files\PestTrap\PestTrap.exe (Remove) Processes (15 whitelisted) C:\Program\Messenger\msmsgs.exe C:\Program\FreeFixer\freefixer.exe C:\DOCUME~1\Roger\LOKALA~1\Tempwn10050.exe (Remove) C:\Program Files\PestTrap\PestTrap.exe (Remove)