I have researched it a bit further:
The update itself is a pre-requisite for the upcoming Internet Explorer 10. IE 10 will be forced towards you sometime in the next month.
The update causes some trouble on HP Professional I3 and I5 laptops with IE9 and IE plugins. Around the internet there were also reports on both Windows 7 and 8 crashing, but i doubt Windows 8 has any problems, since it already has IE10.
It may show plenty of BSODs on HP Intel I3 machines where people use IE9 and plugins for CRM applications. Solution: Uninstall the update.
It shows no BSODs on HP Intel I5 machines, but your IE9 plugin may fail to render several objects (like text in buttons). Solution 1) : Go to intel.com and have it find out if there are new drivers for your Intel VGA and Chipset. (igdxxx.sys is the Intel Graphic card Driver) Solution 2): Uninstall the update.