A question on everyone's mind now!!
The answer – No You don't. SP2 has the following inbuilt:-)
This service pack includes the following updates for Office SharePoint Server 2007 and Windows SharePoint Services 3.0:
· Service Pack 1
· Infrastructure Update
· All Cumulative Updates through the February Cumulative Update.
If you need to know more read here - Service Pack 2 for SharePoint Products and Technologies and More about SharePoint 2007 SP2.
This posting is provided "AS IS" with no warranties, and confers no rights.