Sarel Botha - 2010-05-15

Complete error message is: The application failed to initialize properly (0xc0150002). Click on OK to terminate the application.

I was just missing the Visual C++ 2008 Redist files. You can install them from here:
http://www.microsoft.com/downloads/details.aspx?FamilyID=9b2da534-3e03-4391-8a4d-074b9f2bc1bf&displaylang=en