If Hotfix X-v1, X-v2, X-v3 are present will X-v3 prevail ?

In other words ...

If hotfix 123 is later replaced by hotfix 456, will hfslip overwrite the contents extracted from 123 with the newer contents from 456 ?

In other words again ...

Is this statement true, "Those who wish to put every post-windows-xp-sp2 hotfix on the internet inside their HF folder, without examining each and every hotfix for the lastest version number CAN do so because hfslip will always use, in the end, the latest version number of each file within a hotfix. An example : If you have the Cumulative Windows Internet Explorer Hotfix from February 2005 inside the HF folder along with the newer Cumulative Windows Internet Explorer hotfix from August 2005, then hfslip will extract both versions of the same hotfix, but will ultimately use the latest one."

I do believe HFSLIP relies on File Date, in most all cases the newest date will be the newest version. I think tommyp has an exception or 2 that he overode in the HFSLIP cmd.

STEP FOUR.
Download and prepare the hotfixes to be slipstreamed.

Save all of the following to the HF folder, which can take Type 1 and Type 2 Hotfixes.
Do not rename the files. (However, it is ok to put a prefix to the filename in case you want to segregate some hotfixes.)
If you don't see a hotfix listed here but you know about it, don't worry, just go and get it!! Without getting overly complex about it, if a hotfix was issued after August 2005, you should download it, because it will be useful. HFSLIP is smart software... it will slipstream only the latest binaries into your source.