Windows 7 just sent out an update and I was getting an error for a minute...
If you have updated your windows last night or a night ago, you may also have an issue.
Just right click the application, properties, compatibility, then make sure "run this program in capability mode for" (drop down menu should have what it wants to run with anyways) Just make sure the check mark is inside that box and apply.
Then you are golden, Hope this information helped someone. If not :) Good way to kill time.
Have a great one, Vince.