iexplorer.exe is the file used to initialize Internet Explorer.
Based on the lines of code and from what I can piece together, the malware may be attempting to delete Internet Explorer to in order to hinder your computer's performance and permanently damage the OS.
I don't know what kind of malicious software this is. Google searches have turned up nothing. If possible, try a system restore back to a point before you downloaded whatever it was.
what, it's not trying to delete iexplore.exe
it's trying to use it to execute the trojan.dropper payload, which is to drop malware.
just reinstall windows if you don't wanna go through the bullstuff of this virus.
backing up and reinstalling windows is literally the only way you're going to know your computer is safe.