Update: the VC team's workaround is at http://blogs.msdn.com/vcblog/archive/2009/03/28/some-vs2005-and-vs2008-wizards-pop-up-script-error.aspx. However, I still suggest copying other settings from a restricted zone before modify the 1207 key.
This program is designed to temporary circumvent the "An add-on for this web site failed to run. Check the security settings in Internet options for potential conflicts" error after installing IE8. For more details about this problem, visit https://connect.microsoft.com/VisualStudio/feedback/ViewFeedback.aspx?FeedbackID=425510
Clicking the create button will create another Internet Explorer security zone with the id 1000 that will affect all urls not included in other zones. This will allow separate security settings for webbrowser control hosting application such as Visual Studio. If settings are copied from a trusted configuration such as "my computer",a webbrowser control hosting application may not experience the aforementioned error.
Security Remarks: do not visit unsecured web site or use email software on the same computer after creating the new zone as the security impact of the new zone is not yet tested.
If you received a fix from the IE team for this problem,please delete the zone created by this problem by clicking the delete button. visit https://connect.microsoft.com/VisualStudio/feedback/ViewFeedback.aspx?FeedbackID=425510 for the status of this problem.
For more information about adding zones to IE, visit http://www.nthelp.com/50/addazone.htm
For more information about Internet Explorer security zones, visit http://support.microsoft.com/kb/182569