No. This malware basically nuked IE.
Well...sounds like a rebuild may be in order, then. Have you tried McAfee's Stinger tool? Sometimes that works, though it only catches some worms.
Oh, and it MIGHT still run in Safe Mode with Networking - you know how to get into that, right? Hit F8 before Windows starts loading?
Since it only starts essential processes, usually it leaves the viral process out, and you're able to get in and run cleaning tools.