This problem happens to more people. Somewhere in the forums you can find the solution for it. I can not find the correct thread at the moment that describes the solution. But in shor try this.
Re-register msbind.dll using regsvr32.exe
how?:
click start, run in win xp and type:
regsvr32.exe "<path to flightloggerdirectory\msbind.dll>"
You should get back dll sucesfully registered or something like that.