Setting SPWeb.ParserEnabled = false works, but there are effects! One of the most notable is that it breaks down website and list templates. If SPWeb.ParserEnabled = false, and you save the list or site template, metadata is not set (function identifier, product version, etc.), and it will not be available in the list of templates to choose from. You may be able to get around this by dropping SPWeb.ParserEnabled = true during the itemUpdated event, but I have not fully tested if this still solves all the problems ...
Wade
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