I can confirm it on a fresh install of 20070123 amd64 desktop as a VM in vmware.
** Attachment added: "crash report" http://librarian.launchpad.net/5839319/_usr_bin_update-manager.1000.crash -- Update Manager Crashes in Feisty when Icon in Panel Clicked https://launchpad.net/bugs/81220 -- ubuntu-bugs mailing list ubuntu-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs