I got this error when attempting to run Reader X with Windows 7. I got Reader X working by following your instructions (very many thanks) and ended up with Reader X NOT running in Compatibility Mode and with Enable Protected Mode at startup unchecked.
I have previously had no problems with Reader 9 and lower.
I suspect the reason I have had problems, is that I've moved C:\Users\username to D:\username (where D: is a seperate partition on the same disk as C:) and then used the mklink command to equate C:\Users\username to D:\username.
Anyway I'm glad my problem has been fixed and thanks for your advice.
I run WinXP Home SP3 and upgraded from Adobe Reader version 9.x. I did not get the message "Adobe Reader X Microsoft Visual C++ Runtime Error". I just get the "Send Error Report to" dialog box. I'm no tech guy so viewing the technical data is of no use to me. I uninstalled Adobe Reader X and downloaded a standalone installer. Rebooted each time. Same error. I came accross this post and followed your suggestion by changing the Compatibility tab and presto... it ran.
Didn't want to upgrade from version 9.x but I have a PDF file that seems to be asking for the latest version. Adobe seem to be bungling up their programs. The bugs doesn't do justice to the new bells and whistles. They're strangling their own software. Too many security issues too.
Anyway, thanks for this.
Thank you!!! This fix worked for me with one slight variation to be noted.
I would get this error attempting to open some documents. Other documents would open just fine, and I wouldn't get the error until I attempted to open Preferences. Either way, step 1 of your solution was required for me to get things working. ...running XP.