No.
Description of the contents of Windows XP Service Pack 2 and Windows Server 2003
software update packages
http://support.microsoft.com/default...b;en-us;824994
From the above article:-
When a security update, critical update, update, update rollup, driver, or feature
pack installs GDR version files, the hotfix files are also copied to the
%windir%\$hf_mig$ folder. This supports migration to the appropriate files if you
later install a hotfix or service pack that includes earlier versions of these files.
For example, consider the following scenario:
1. You apply a security update that installs a GDR version of File.dll with a
version number of 5.2.3790.1000 and copies a hotfix version of File.dll with a
version number of 5.2.3790.1000 to the %windir%\$hf_mig$ folder.
2. You apply a hotfix that includes a hotfix version of File.dll with a version
number of 5.2.3790.0000.
In this scenario the hotfix installation in step 2 installs the hotfix version of
File.dll (version number 5.2.3790.1000) from the %windir%\$hf_mig$ folder instead of
the hotfix version of File.dll (version number 5.2.3790.0000) from the hotfix
package.
"Dave Neve" <> wrote in message
news:...
> Hello
>
> I am going to reinstall Windows soon and I am wondering if I can 'keep' my updates,
> esp as I may not have a Broadband connection immediately.
>
> I have found the folder C:\WINDOWS\$hf_mig$ which seems to have the correctives.
>
> I've noticed an 'update.exe with each corrective and I am wondering if this can be
> clicked on.
>
> Finally, I assume that the correctives are still valid whatever the changes made to
> the computer (new motherboard and processor in this case).
>
> Can sm please confirm or put me straight?
>
> Thanks
>
> Dave Neve
>