The Register Has just done a review of Windows XP service pack 2, and found it somewhat lacking.
In short, The Reg found that SP2 doesn’t turn off enough services, the firewall doesn’t block outgoing connections, and Internet Explorer and Outlook Express still have security issues. Worst of all, they still have not made admin rights limited to only an administrator account (as opposed to all users having admin rights), that one thing alone would have made a huge difference in security.
Anyway, they say it far more eloquently then I possibly could, so here is the link again.
Regards
Franki