Both of this month's patches address vulnerabilities that are likely targets for bad guys to produce exploit code that works consistently although there are no current exploits known. Both Bulletins are rated important and since how-to details for exploiting these vulnerabilities is not yet public and no reports of actual attacks, at this time, we recommend doing your standard testing before deployment. 

MS10-016 impact Movie Maker and Producer. There is no patch for Microsoft Producer, the workarounds are recommended for this product. This means at least disabling the file association. Or at most there is a workaround to prevent Producer from being installed or run. Install the patch for the other products. Windows 7 is in both the affected and non-affected sections. A note indicates that the vulnerability is in an optional download of Movie Maker 2.6 for Windows 7.

MS10-017 addresses 7 vulnerabilities in Office for both Windows and Mac. The workarounds offered, while helpful, do not address all of the vulnerabilities and are not comprehensive for all vectors. Users cannot be relied upon to make the right decision when opening downloaded files. An educational program helps in this area. A virus scan might catch the malicious file if the policy is in force. But we recommend applying the patch for defense-in-depth.