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incrediBILL - 6:41 pm on Nov 6, 2006 (gmt 0)
Not everyone will be protected initially but it's a numbers game. So what it's the first 10K people that encounter it are wide open if the next 10M people are protected? You can't stop everything but you can limit the collateral damage somewhat.
If a new phishing site appears the real time list will only alert users if Micro$oft know about it!