How would that "drive-by system takeover" happen?
AFAIK, Windows 7 came with its network firewall enabled by default, so most services wouldn't be exposed to the network. And that network is often a local network, with another firewall separating it from the rest of the Internet. For many users, the only exposed attack surface would be the web browser itself.
Have you ever seen things in a different font?
Seriously, my threat model doesn't include anything that updates claim to guard against. I'm not a fucking enterprise server, nor does any government specifically want my shit. Try arguing for me to update my router before talking about the virtues of Windows updates, at least that might alleviate random port scans and the like which are in my threat model.
I'm far more likely to get pwned by some service getting hacked and leaking my shit rather than /me/ getting hacked. People who scream at me that EOL Windows is dangerous can go pound sand, because they have no clue WTF they're crying about.
This exploit allows arbitrary code execution by requesting too big a height for an iframe, which corrupts a GDI data structure.