I found this issue while using QTP9.1 and IE7.0
when trying to execute the code:
set IE = CreateObject("InternetExplorer.Application")
I am getting the error : Permission denied: 'CreateObject'
the same code works fine with QTP9.1 and IE6.0
Please feel free to list any issue you encountered with IE7, I will update this thread as soon as I get answers from MI support team.