ISBoxer won't start

Hi guys,

Isboxer does nothing when I run it and it showing these errors in event viewer. I have re-installed isboxer, re-installed .net and still no luck.
Running windows 7 Pro
I can't see any problems in ProcMon with denies to read/write etc

Got it working. Had to uninstall a windows update releated to SQL server. Once i removed that kb running like a dream