I just uploaded the newest version of my Recommended Microsoft Patch List to the download site. You can find both HTML and Microsoft Excel versions of this list. In my opinion, none of the July patches warrant installation on dedicated server systems. However, all three should be deployed to your end-user PCs.
Keep in mind that my recommendations are just that — mine. They do not represent the views of Microsoft or my employer, LRS. Sorry, just had to get that out of the way now that my blog is getting more traffic.