With today's release of Windows Live Movie Maker 14, Microsoft has also released a Quick Fix Engineering (QFE) patch for all Windows Live applications. At the time of writing, it is not known what is new or what has been fixed with this wave of QFE patches. These patches apply to the Windows Live 2009 (Wave 3) applications.
Microsoft has yet to make the official announcement regarding this second wave of QFE patches, but as soon as we hear something we'll let you know what has been updated/fixed. Special thanks to Microsoft MVP Jonathan Kay for alerting and providing the links to the downloads.
Windows Live Messenger
Version 2009: 14.0.8089.726
Windows Live Mail
Version 2009: 14.0.8089.0726
Windows Live Toolbar
Windows Live Photo Gallery
Version 2009: 14.0.8081.709
Windows Live Movie Maker
Windows Live Writer
Microsoft Silverlight 3.0
Microsoft Office Live Add-in 1.3
Microsoft Office Outlook Connector
Other component updates may also be required, and the list of required components for each application listed above can be found here.
Update: The entire suite is now available to download here. Still no official word from Microsoft at the time of writing.