I unchecked it the day I last posted, rebooted.. and so far, nothing has been un-operational.
I do get random freezes in Opera, and in a few other programs.. however, this could be completely un-related.
Also, I ran Spybot S&D as well as Avast Home Edition, both completely updated, and only found one instance of spyware, removed it.. re-scanned, rebooted and this strange process is still there, though it is un-checked now.