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I had a problem with PocketMusic once. I had actually downloaded an "illegal" copy of it with a bogus serial number. It worked for a while and then I got the error. At that time, I decided that I liked it so much I purchased a license. Even after I had uninstalled the software and reinstalled it, it would not take my new legit license key. I ended up having to use a registry editor to remove the old license, uninstall, reinstall, and then finally enter my new key to get it to work.
I guess depending on what you have invested in your current installation, a hard reset should solve the problem as well.
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