Consider the following scenario:
You move a file from one document library to another document library in a Windows SharePoint Services 3.0 site collection.
A link on a webpage references the file in the site collection.
You perform an incremental deployment from the site collection to another site collection.
You click the link on the webpage that references the file in the site collection.
In this scenario, you receive the following error message:
HTTP 404 - File not found
To resolve this issue, apply the following update:
2596534 Description of the Windows SharePoint Services 3.0 hotfix package (Sts-x-none.msp): October 25, 2011
Microsoft has confirmed that this is a problem in the Microsoft products that are listed in the "Applies to" section.