IE 7 Google shows Red Circle with "C" in address bar

I recently noticed that google.com shows a red circle in the address bar (where sites can put a mini logo) and it also shows up on the tab.  This is only on the google homepage or results page.  It does not show up on other services (google answers, froogle, etc.).

Can anyone tell me what this is?  I have tried to find out if this is supposed to be there, or why it is there with no luck.  I did recently upgrade to IE 7 (beta or RC whatever they are on as of a few weeks ago).

Partial screen shot:
http://www.62left.com/ie7redc.bmp
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SupportECIAsked:
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DaydreamsConnect With a Mentor Commented:
Hi SupportECI,

It's definitely not supposed to be there. This may be a (buggy) caching issue. The red circle and the "C" is the favicon for http://www.cnet.com/.

Delete your temporary internet files and history and see if it persists. It sounds like a bug in IE7.
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SupportECIAuthor Commented:
Thanks Daydreams,

That fixed it.  I will leave this open for a while in case anyone has any idea as to why it happened, or some info out this and IE7 that they want to add.
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DaydreamsCommented:
You're welcome SupportECI, and thanks for the points and the grade:-)
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