The update is crashing computers.
Apparently, AVG has gone into stealth mode to rectify the problem and has begun to address the issue on both Twitter and Facebook as well. They have also posted information on their blog and website including a 'fix' (which may be a little challenging for some).
Update nr. 3292 is the culprit and so far has effected only 64-bit versions of Windows 7.
If you are using the product and don't have it set to auto-update, AVG is advising that the coast is now clear (with the file removed from their servers), and the most recent update works fine.
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