Microsoft has a site that you all may find very helpful on this topic (http://www.microsoft.com/y2k)
Microsoft has put out a compatibility tool which will examine all of your MS software and let you know what you need in order to get up to par with Y2K issues.
BTW, in order for the failure to occur, your system will have to be booted at exactly Midnight on December. 31. Odds are there won't be too many people who can do that right on the money, unless they have their BIOS tweaked to do so. In that case, they should already have the issue in the bag!
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