[q]Can it execute a .vbs file?[/q]
Yes, but you will need to run it by calling "cscript". You can put it into a
batch file to make it a bit easier.
You may need to run your CF services as a domain account that has permissions
to execute the .vbs script.
[q]Also I can put more code on the page underneath the cfexecute tag to do
other things after it processes?[/q]
Yes, you can. You can even capture the results from the CFEXECUTE tag in case
the .vbs script displays any information while it is running.