It has been discovered that using the new IE7 Beta version with Folding@home may cause some connectivity issues when using the Folding@home “Use IE settings” option for conencting to the internet. If you are using a direct connection, you should now choose “No” to this options in your clients configuration. fah504-console.exe -configonly
You will also need to manually set up your proxy if you use one. Details can be found in the Folding@home guide. Cheers.