How to get rid of Adobe updater

I recently updated Photoshop to CS5 and I now have an irritating new startup called Adobe Updater. This thing parks itself in the menu bar and slows down startup, and I cannot find where it lives. It is not in any of the startup folders nor in the user account startup item list. Does anyone know how I can get rid of this thing? I try to keep a lean system and I will check for updates myself, I very much dislike all these programs leaping into action when I startup the machine but for some reason the Adobe updater is not following the rules and is being "clever..."

Does anyone know how I can get rid of this thing and how it insinuates itself into the startup process? I would like to make sure that other applications are also not doing the same thing and running code over which I have no control. It's getting like Windows for all love...

Thanks - Lawrence