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The fact that the Return e-license menu option is disabled (while the product still works normally), means that you are running a version of the product with a volume license serial number. Adobe discontinued the e-license program on March of 2007 so the software no longer requires an e-license to operate.
Simply uninstall Acrobat 8 Professional from the computer you no longer need, and install it on the new machine using the same serial number (you had used on the first machine).
That should be all.
i'm having the same problem as original thread starter.
the other features work nicely except when i try to print to Adobe PDF to create a PDF file, it says my adobe acrobat pro 8 is not activated thus cannot create the pdf file.
both the Activate & Deactivate buttons are greyed out in my case.
btw, can u also explain the volume license serial number thing?