Here is a further update on issues related to the security fix released on 9 Dec:
The fix changed the default setting which is now to block queries to external databases.
This is the case whether the query was done using a script, from Excel or from Access itself
Previously such queries were by default allowed if the registry key mentioned in post #30 was either missing or had been manually created by the user and set to the value 1. The value 0 disables such queries.
Now the default is to block such queries if the registry key does not exist. The registry key itself is not created automatically.
When the query is blocked (from Access or Excel), this error occurs
From Access, queries to external databases will only run if the host database is trusted (location or document) or the registry key exists and is set to 1. Interestingly, in my tests from Access, the external database does not need to be trusted (which I find incongruous)
The Access team is now working on a fix which will hopefully allow certain types of queries to external databases to run successfully.
This will be released first to the insider channels (beta/CCP) then progressively to slower channels (CC, MEP, SAP) in the coming weeks if no further issues arise.
However, it is possible that some scenarios will remain blocked unless the registry key is added and set to 1
EDIT:
1. Minor changes to wording above to clarify meaning
2. Karl Donaubauer has now written an article on this topic at Access Forever:
Query Reference to Remote Database Fails