MSCONFIG.EXE definition, relationships, removal:

Microsoft System Configuration Utility. Located in "C:\Windows\System" on Windows 98/ME and "C:\WINDOWS\PCHealth\Help\Ctr\Binaries" on Windows XP. File msconfig.exe is related to Win-Spy. msconfig.exe is an executable file that is responsible for launching parasites, loading main components of malicious programs and running a destructive payload. It is a significant part of a dangerous parasite, but can also function as a stand-alone threat. DO NOT run this file!
The msconfig.exe file is installed and used by QQify.
The msconfig.exe file usually runs the same named process. This process silently works in background and performs harmful actions. It remains active while msconfig.exe is present in the system. Removing the file will immediately terminate a process and prevent it from running later. That is why you have to manually delete the msconfig.exe file. If you cannot erase it, consider using recommended spyware removers, which will get rid of msconfig.exe and associated parasites for you.
Sometimes a presence of msconfig.exe does not indicate that your computer is infected. It can be an essential system file or a file installed by harmless legitimate software and therefore may not pose any threat to your privacy and the system. Although such cases are quite rare, you should thoroughly examine msconfig.exe before completely deleting or leaving it in the system.