The vulnerability could allow remote code execution if an attacker sends a specially crafted HTTP request to an affected Windows system. All Windows servers 2008 R2 and 2012 are affected!
Windows Update seems to have done the trick automatically for my 2008 R2 servers but the 2012 servers are still affected after installing the latest updates.
How to check if you are affected?
If you have a Linux server lying around, type this command:
wget --header="Range: bytes=18-18446744073709551615" http://serverip/iis-85.png