Microsoft has been discussing this update for a couple of months, and we've been adding to that discussion over in PatchZone, but we've seen an increase in the impact of this update on Patch Manager customers. KB2661254 is an update that invalidates all RSA-based certificates that have key-lengths of less than 1024-bits. If you're running any version of Patch Manager earlier than v1.73 (July 2012), or any version of WSUS that does not have KB2720211 or KB2734608, both of those products will be adversely affected by the installation of KB2661254.
For the WSUS server, it will prevent clients from being able to download or install third-party updates. For details on the necessary steps for the WSUS server please refer to this PatchZone blog post.
For Patch Manager customers, it will prevent any communication from remote consoles to the application server, or between patch manager servers. For details on the necessary steps for Patch Manager please refer to this SolarWinds Knowledge Base article:
Message was edited by: Lawrence Garvin - Corrected broken hyperlink for PatchZone blog post.