Avermedia have been in contact but have yet to resolve my problem. 
I still have the same error and it looks like I will have to go into the reinstallation of XP Pro route. 
  
Is it possible to repair or install XP Pro on my PC without having to go through re-installing all software & programs on my PC? 
If it is possible...whats the best way? 
  
BTW I have also tried installing the latest software from Aver's site but it never worked! 
  
Thanks for your help.