Mozilla has informed CNET that the 2 issues identified are non-issues.  One has already been patched, and the second didn’t include enough code for any exploit to be found.

and according to Slashdot, the IE7 team sent Firefox a cake.
“Bug hunters appear to be in a race to uncover new security flaws in both Firefox 2 and Internet Explorer 7, which Microsoft released last week. Word of what appears to be the first publicly disclosed IE 7 vulnerability came Wednesday.

At least two bug reports that indicated they affected the new Firefox release crossed over popular security mailing lists this week. But Mozilla on Wednesday downplayed those claims.

“I would call it just noise,” said Window Snyder, Mozilla’s security chief. The two issues don’t present any real risk to Firefox users, she said.”

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