It's maybe safe but I am facing a totally wired issue with this process. For some reason it keeps an handle to the the directory where my application is running and as long as it is up and running I cannot remove the folder on uninstall.
Again: I am using an application (exe) which in turn call IEGetProtectedModeCookie() function. This function-call create an instance of ielowutil.exe! If my application is closed the ielowutil is NOT quitting.
So if the user wants to do uninstall, the main application folder cannot be removed because the ielowutils keeps an handle to there.
I know I can terminate ielowutil.exe but I am looking for more graceful ways to take it down or at least ask it to free the handle to my app dir.