Some of the problems with QuickTime 7.4 are getting a lot of attention (for example here) but the solutions are not. Options include a downgrade to improve (links to installers, plus updated info) the situation, or the Carpia.TV idea for Working around QT 7.4 After Effects error.
Update: fxguide adds some meaty thoughts with Pro Living in a Consumer QuickTime World.
Update 2: the QT 7.4.1 update gets the official go ahead.
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