Health check error after applying August 2011 CU for SP2010

After installing the August 2011 Cumulative Update (CU) for Microsoft SharePoint Server 2010, the following error is logged in the Health Reports section of Central Administration:

“Verify that the critical User Profile Application and User Profile Proxy Application timer jobs are available and have not been mistakenly deleted”

Cause: This error is thrown due to a flaw in the logic of the owning health rule.

Resolution: Microsoft acknowledges that there is a flaw in the health rule logic and will resolve this issue in an upcoming CU. In the meantime, this error can be ignored.