I got a tweet from AVG on how users who are affected by the recent AVG 2011 update 3292 can recover their computer. It is a video tutorial. Note that I will not be responsible should you NOT be able to recover from this procedure.
Before you even started, do read up the FAQ on this matter first.
Also, I recommend that you watch the recovery procedure video. If you are uncomfortable with the steps needed to recover, get advise from AVG direct.
BTW, I don’t use AVG, so I am not sure about the after effect (if any). If you are good to go, click the below link to save the ZIP file for the recovery process.
Note: The link above is a file link. That means you will get to download the file (and not jump to another site. The file size is 147 MB and named as avg_arl_ffi_all_100_101201a3281.ZIP. Why do I know? I downloaded ,it just in case the link is inaccurate 🙂 . It has a total of 14 files inside the ZIP.