dropbox crashed with OSError in _execute_child(): [Errno 8] Exec format error

[Simon Widmer]

dropbox fails on startup

ProblemType: Crash
DistroRelease: Ubuntu 12.04
Package: nautilus-dropbox 0.7.1-2
ProcVersionSignature: Ubuntu 3.2.0-22.35-generic-pae 3.2.14
Uname: Linux 3.2.0-22-generic-pae i686
NonfreeKernelModules: fglrx
ApportVersion: 2.0-0ubuntu4
Architecture: i386
CrashCounter: 1
Date: Fri Apr 6 10:52:45 2012
ExecutablePath: /usr/bin/dropbox
InstallationMedia: Ubuntu 10.04.4 LTS "Lucid Lynx" - Release i386 (20120214.2)
InterpreterPath: /usr/bin/python2.7
ProcCmdline: /usr/bin/python /usr/bin/dropbox start -i
ProcEnviron:
 PATH=(custom, no user)
 LANG=en_US.UTF-8
 SHELL=/bin/bash
PythonArgs: ['/usr/bin/dropbox', 'start', '-i']
SourcePackage: nautilus-dropbox
Title: dropbox crashed with OSError in _execute_child(): [Errno 8] Exec format error
UpgradeStatus: Upgraded to precise on 2012-04-03 (3 days ago)
UserGroups: adm admin audio cdrom dialout dip lpadmin netdev plugdev sambashare vboxusers

[Launchpad Janitor (janitor)]

Status changed to 'Confirmed' because the bug affects multiple users.

[Ben Andersen (ben72)]

Workaround:
I noticed my ~/.dropbox-dist/dropboxd file was 0 bytes in size as well as all other files in that directory.
I removed the directory and ran "dropbox start -i" which triggered a re-install and then it worked like normal.
I'm on a fresh 12.04. Dropbox used to work and just stopped and I started noticing this crash on startup.