Panda Security 3.0 with registry editing disabled allows users to edit the registry and gain privileges by directly executing a .reg file or using other methods.
http://www.securityfocus.com/templates/archive.pike?list=1&msg=38FB45F2.550EA000%40teleline.es
http://www.securityfocus.com/bid/1119
http://updates.pandasoftware.com/docs/us/Avoidvulnerability.zip