IE7 Run-Once Customization Hangs on Applying Settings

I have experienced this issue with IE7 and the Run-Once customization hanging. Not sure exactly why this occurs, but it seems most often on clean systems that have had files and settings transferred over using the USMT. Most recommendations are to disable the run-once customization from coming up, even Microsoft has a knowledge base article that instructs users on how to do so. But this is a workaround and it doesn't resolve the issue. In fact if you use the work around you may notice that when you try to add or change default search providers that it doesn't work.
The solution is to change the key found in:

HKEY_CLASSES_ROOT\TypeLib\{EAB22AC0-30C1-11CF-A7EB-0000C05BAE0B}\1.1\0\win32

Most likely if you are experiencing this issue the default key will have the following value:

C:\WINDOWS\system32\shdocvw.dll
(Note if you are using a 64-bit O/S the value may start with C:\Windows\SysWOW64\shdocvw.dll)

Change the value to:
C:\WINDOWS\system32\ieframe.dll
(Note if you are using a 64-bit O/S the value will be C:\Windows\SysWOW64\ieframe.dll)

Restart your browser and this should resolve the issue.