As a surprise to me Microsoft released Office 2003 SP2 yesterday, I installed it right away via Microsoft Update. I couldn't find any release notes or "what's new" documents. So I started looking in Outlook. I found a new feature in the Junk mail options: anti-phishing.
Set aniti-phishing feature in junk mail options (click for larger view)
Fishing email, notice info bar, links are visible but not active.
When clicking a link this warning appears