Downloaded and installed, when I try to execute iexplorer it responds with "iexplorer: not found", but it is right there in the directory I am in and I im logged in as root. any ideas?
try it like this:
./iexplorer
There's a wierd new security problem:
Running Internet Explorer as root!
Eek! Microsofts plan is to bring down Unix with it's own tools!
... Well, probably not, but don't run it as root 
Well, that certianly did execute it, but now it is crying about patches...damnit...Microsoft!
Why would you cripple Solaris like that?
Just kidding - I don't want to start any flame wars... Seriously though - why install it? Does it come with all of the MS-centric plugins such as ActiveX?