Smart Word Selection in IE - how to disable?

While I mostly want full-word selection (I regularly trip over the lack of it in other browsers where I need to be extra-precise in where I place the cursor which kinda sucks) for the few cases where it's unwanted I just switch to caret browsing with F7 and use the keyboard.

"From what I could find it seems they threw it out of IE after version 5.5 or something. Now it's hardcoded into IE.

The guys over at EE (kudos to msukach) suggested:

IF it is Hard coded, MS always has a
way around it. Simply Click then hit
SHIFT and select your letters.
Normally it's a Shift then Click...
but not in this case. Do the reverse.

Example: ct yo... from sele ct yo ur
letters!"