The news here in Europe is that it also has a Trojan Payload that appears to send passwords to a central internet site. It also appears to rename files on your system. Apparantly it was released first in Manilla by a well know virus maker called Barak (?spelling?). It will now be spreading over the USA. In Europe businesses have been badly hit. Apparantly comes as a email "I Love You" with an attachment. DO NOT open the attachment. Delete both.