I had a similar problem - turns out it was a conflicting service. I started msconfig and deselected all non windows services. On reboot Soundbooth worked. Then one by one I enabled the services and booted with just the selected services until soundbooth no longer started. I identified Stardock Windowblinds as the service that was conflicting. I am using MyColor which uses Stardock Windowblinds to wrap each window in a theme. In my My Color, I told Stardock Windowblinds to ignore my adobe apps. That solved the problem.
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