How to tell Windows Update not to show me updates

I do not want to install update KB971033 right now. I'm seeing posts where people are having problems after installing this new WGA update.

I'm also hearing that you will need to validate every 3 months once this update is installed. I don't know if this is true or not but I want to hold off for awhile and see what happens before installing it.

So, my question is, how do I tell Windows Automatic Updates not to offer me an update I've refused as I could do with XP.

if you don't want to install update, you can reject that update versions.

Thanks nekkidtruth, that is exactly what I wanted. So obvious yet different enough from XP that I did not consider doing that. Worked fine.