Windows SharePoint Services V3 and Microsoft Office SharePoint Server 2007 are now be able to get updated to the latest available bits with February CU.

KB articles: available later than this post

WSS:

978396 The full server package for WSS
http://support.microsoft.com/default.aspx?scid=kb;EN-US;978396

MOSS:

978395 The full server package for MOSS
http://support.microsoft.com/default.aspx?scid=kb;EN-US;978395

Download and installation information:

After applying the preceding updates, run the SharePoint Products and Technologies Configuration Wizard or “psconfig –cmd upgrade –inplace b2b -wait” in command line. This needs to be done on every server in the farm with SharePoint installed.