Virus Hoaxes are mainly an email nuisance, but they can also create confusion  and detract users from real threats that are present in email or at websites.

Virus Hoaxes - New variant of Olympic Torch hoax
http://vil.nai.com/vil/content/v_138711.htm

QUOTE:  PLEASE INFORM  EVERYONE -- Emails with pictures of Osama  Bin-Laden hanged are being sent and the moment that you open these  emails your computer will crash and you will not be able to fix it! If you get an email along the lines of "Osama Bin  Laden Captured"   or "Osama Hanged" don't open the attachment.  This e-mail is being  distributed through countries around the globe, but mainly in the US and Israel.

Be considerate &  send this warning to whomever you know.  PLEASE FORWARD THIS WARNING AMONG FRIENDS, FAMILY AND CONTACTS:

You  should be alert during the next days: Do not open any  message with an attached filed called "Invitation" regardless of who sent it. It is a virus that opens an Olympic  Torch which "burns" the whole hard disc C of your computer. This  virus will be received from someone who has your e-mail address in  his/her contact list, that is why you should send this e-mail to all  your contacts.

It is better to receive this message 25 times than to receive the virus and open it. If you receive a mail called  "invitation", though sent by a friend, do not open it and shut down your computer immediately. This is the worst  virus announced by CNN, it has been classified by Microsoft as the most  destructive virus ever.

This virus was  discovered by McAfee yesterday, and there is no repair yet for this kind  of virus. This virus simply  destroys the Zero Sector of the Hard Disc, where the vital information  is kept.