This is usually a permissions error regarding bits and pieces of your registry and other system settings. An article that may help you is:
http://blogs.msdn.com/astebner/archive/2006/09/04/739820.aspx but I can't vouch for accuracy.
As well as that there is a lengthy discussion on this error code on the TechNet forum in
this thread (which I think also mentions the link above. I'd read through the thread before taking any action, since there seem to be some warnings against doing some of the proposed solutions.
Good Luck! Let us know what worked for you...
Oren