The biggest problems with IE are ActiveX and the intimate connection between the browser and the OS.
I read somewhere, long ago, that the difference between Java(?, may have been something else) and ActiveX is that while both of them open the door of your computer to strangers, Java/whatever follows them around the house making sure they don't get up to no good, while ActiveX just stands at the door waiting for them to leave.
Having said that Java hasn't been faring too well recently in terms of security. bastard by name
bastard by nature
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