Is anyone having problems with this "new" .0429?
I'm able to login, but as soon as my contact list starts loading (if MsgPlus.exe is running) it'll crash. This does not happen with .0425
Edit: I had the same problem again, this time I checked and it seems that wisptis.exe (for the handwriting thing in MSNM7) was causing it. It was a coincidence, and not .0429. Killing it allowed me to login again. 
I'm not sure how wisptis.exe and MsgPlus.exe can have this problem (as they're both two different things), but if someone else reads this, you have another possible solution.
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