Go to http://update.microsoft.com/, choose “Change Settings”, select “To stop using Microsoft Update” at the bottom of the page and then check the box “Disable Microsoft Update software and let me use Windows Update only”
Re-enable Automatic Updates
Updates:
06-May-07: The problem has been fixed, but I suggest to wait until the fix will be distributed automatically starting about 22-May-07. Threafter - in June - you should then switch back from Windows Update to Microsoft Update. Technical info from Les Connor at WSUS v2 client and high CPU fix.