Don't know what it does, because I don't have the EXE in front of me. However, like I mentioned - it's a randomized filename, does NOT show up in any google search, and is hiding in system32 under a really strange yet "official sounding" name of "checkrun". It's running on every startup, likely acting as a trickler for spyware or just outright installing and running in on boot. I'm going to GUESS it's a coolwebsearch variant because of the filename/system32 thing, but I honestly don't know since the filename's random.
I have the same fucking problem and I am far too lazy to fix it... spyware removal programs with the simple scan and deletion just isn't good enough for the IE pop ups i keep getting.... Maybe I'll uninstall IE.
I tried to do that on my old laptop. The fucker WONT LET YOU UNINSTALL. Every time I deleted the IE icon in my c:/ directory, it kept on popping right back up.
I hate this norton piece of shit. It detects spyware but then it can't delete it.