Is anyone considering special archives for all their windows servers
because of this worm or is someone here is over reacting?

 
Antivirus vendors are warning of a rapidly spreading worm that is
carrying a potentially destructive set of instructions. The Nyxem worm
-- also nicknamed the Kama Sutra worm -- is programmed to overwrite all
of the files on computers it infects on Feb. 3, said Mikko Hypponen,
chief research officer at F-Secure Corp. 

F-Secure researchers found the worm truncates files to 20 bytes and
causes an error message when one is opened, he said.