I have the same problem on Windows 8 x64, and I checked the security settings of every file in the program directory, and set them to full control as an experiment, with no resolution though I did notice that the MSVCR71.dll package is depreciated on Windows 8.
I have the same problem on Windows 8 x64, and I checked the security settings of every file in the program directory, and set them to full control as an experiment, with no resolution though I did notice that the MSVCR71.dll package is depreciated on Windows 8.