My apologies to those who still use MiKTeX on Windows 95. When I released some binaries early in January, I didn't realize that it would break Windows 95 compatibility: My new build system cannot produce Windows 95 executables. Only one person has complained. So I suppose that there aren't so many Windows 95 users left.
To make it official: Support for MiKTeX on Windows 95 systems has ended on January 4, 2006.