Here is the text of the hoax:
PASS IT ON QUICKLY & TO AS MANY PEOPLE AS POSSIBLE!
Very Urgent Must Read Please -
If you receive an e-mail titled "Y2K7" from microsoft with an .Exe file DO
NOT click it. It will erase the "command.com" and change the registry.
Forward this letter out to as many people as you can. This is a new, very
malicious virus and not many people know about it.