> Why not? If you are worrying about security, your end users 
> never get access to it, unless you have a form like:
> 
> Regkey: <input field>
> value: <inputfield>
> 
> <button "screw my registry"><button "reset">

What about if I was hosting your site (and its DLL's) on my web server along
with a few hundred other sites?  The DLL should not be able to screw with
the registry which could take down the entire machine or even worse, read
passwords or other stored data from other web sites that may hosted on the
server.  

In practise it seems way too easy for a COM object or DLL to kill a NT web
host - if I was running a commerical web hosting service, I would be
reluctant to use NT as a shared web server for anything other than straight
HTML sites.
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