A bug in the recently released SP2 of MOSS 2007 causes a licensed installtion to 'expire' after 180 days as if it were a trial version. Once this happens users cannot access the sharepoint sites running on the affected server.
More details are here -
It also applies to Search Server 2008, Project Server 2007 and Forms Server 2007.
The fix for this, right now, is to run "Convert License type" in the Operations tab in the Central Admin.
MSFT is currently working on a Hotfix for this that should be out very soon!
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