I have Windows 2008 R2 Terminal server (64Bit) with Reader X. (V10.0.0).
I'm having a problem with Windows Preview Pane (in outlook preview pane it's work perfect).
I'm getting error when I'm stand on PDF file.
to solved it i need to open acrobat and go to Preferences => click on Cancel (don't change anything...)
and afterwards any PDF file will open without any errors.
Please update to the latest version of Adobe Reader avaialble i.e. 10.1.2 and see if it solves the issue.