No, the only thing that does is (if you're using IE7) is go back to IE6. Uninstalling IE completely is possible, but there's no easy way

Check this

http://en.wikipedia.org/wiki/Removal_of_Internet_Explorer

Or if you want a quick summary

While a major upgrade of Internet Explorer can be uninstalled in a traditional way if the user has saved the original application files for uninstallation, the matter of uninstalling the version of the browser that has shipped with an operating system remains a controversial one.

The idea of removing a stock install of Internet Explorer from a Windows system was proposed during the United States v. Microsoft case. Critics felt that users should have the right to uninstall Internet Explorer freely just like any other application software. One of Microsoft's arguments during the trial was that removing Internet Explorer from Windows may result in system instability.

Removing Internet Explorer does have a number of consequences. Applications that depend on libraries installed by IE will fail to function, or have unexpected behaviors. The Windows help and support system will also not function due to the heavy reliance on HTML help files and components of IE. In versions of Windows before Vista, it is also not possible to run Microsoft's Windows Update or Microsoft Update with any other browser due to the service's implementation of an ActiveX control, which no other browser supports. In Windows Vista, Windows Update is implemented as a Control Panel applet.

However, as of build 7048 of Windows 7, Microsoft added the ability to safely remove Internet Explorer 8 from Windows. Microsoft does not allow the dependencies to be removed through this process, but the Internet Explorer executable (iexplore.exe) is removed without harming any other Windows components.

Thank you Jesus! and thank you Blackstar for delivering his word.