This isn't a problem but just interesting.

I decided to try slipstreaming XP Pro with SP1. At the same time I decided to slim down the install CD as outlined on this site:

http://jdeboeck.msfnhosting.com/

As I intended, IE and OE weren't installed. Windows Explorer was installed.

The odd thing is that MyIE2 still works fine. Apparently it doesn't need IE, Windows Explorer must be all that's necessary.