ILM 2007: KB 938014
MIIS 2003 SP2: KB 936306
IIFP SP2: KB 938015
I had to request these from Premier Support as they were not available on the KB.
This brought the version up to: 3.2.1001.0 (Service Pack 2)
This has resolved my current issues after applying SP2.
UPDATE:
Brad Turner picked up more details from PSS on this error which you can read about here
