Although the registry key has been set on my computer, I realised that the expected Microsoft updates had not come through - they were due on Windows 7 computers yesterday or first thing this morning. I found via Control Panel - Windows Update that the update process is not running. Although a restart was advised that had no effect.
I contacted my local computer shop and I'm going to have to take the computer in to them to get this sorted out.
This is likely to be the same for many people.
It's clear that this is considerably worse than the so called Millenium bug.
This is worrying news, EL - not least because of the latest I've been reading on The Register where they're now getting deeply concerned about the potential risks if the registry key is not set.
Putting it very simply: it appears that if the registry key is not set (normally by a/v s/w as you say), not only will it prevent the Meltdown fix from being installed, but it will block all future updates. Another WannaCry-type outbreak is suddenly a very real worry.
https://www.theregister.co.uk/...ti_malware_conflict/
I'm on Windows 10 and haven't seen any problems so far, however we use a lot of Windows 7 computers at work so I've been passing the word around re your problems and similar issues reported on The Register.
I hope you get it fixed quickly.