macromedia players flash: When SWF files are saved locally, the will not run.
This issue started occurring recently and may be related to an IE security
update three weeks ago.
I have tried every possible combination of security settings including
defaults within IE. I have tried all the changes recommended by Macromedia. I
Also disabled the ZoneAlarm Firewall and made sure no pop-up blockers were
present.
When a SWF file is opened, a IE window opens and quickly says 'done' at the
bottom but nothing opens - just a blank page.
I have tried with several different files that opened fine in the past and
tried with fresh versions. I even tried uninstalling and then reinstalling both
the Flash and Shockwave Players.
Any ideas would be appreciated.

Update: In IE Tools - Internet Options - Advanced, I have made sure that there
is a check in front of 'Allow Active Content to run in files on My Computer'
and I also made sure all Add-Ons are Enabled.

Resolution:

Either reinstall SP2 or download and install the stand-alone Flash Player.
I chose the player.