No, Apple hasn’t set James Bond into the Mac OS X operating system quite yet. The "007" only refers to this being the seventh distinct security update for Mac OS X this year. Security Update 2008-007 fixes several vulnerabilities in both the Unix under-pinnings and the Macintosh OS. It’s recommended for users of Mac OS X 10.5 Leopard and Mac OS X 10.4.11 Tiger. For full details visit this Apple support page.

As usual, you can download the update from the "Software Update" option in your Mac’s APple menu.