Agree strongly with saltgrass on this one. The utility is correctly (?) called "Microsoft Office Compatibility Pack for Word, Excel, and PowerPoint 2007 File Formats" The name itself is misleading. It is only intended for earlier versions than 2007, but for 2007. It could well be one of the reasons for the updates you are being offered. But, if you did install the other "security" updates for 2007, I think it would be a good idea to uninstall them again. Other than that, if you are sure 2007 is not lurking on your system, then all should no run fine.
Maybe a red herring, but looking at your clip made me browse a little, and I did find this:
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Maybe a red herring, but looking at your clip made me browse a little, and I did find this:
Link Removed - Invalid URL