Another annoying BEX error

Folks, I'm having a problem with a little program one of my friends in the Flight Simulator X world wrote. The program was working great last 2nd of November. But by the 7th was not anymore and can't system restore back to the 2nd.

I have been getting this error message for the LivingWorld.exe I downloaded and totally stuck:

Script:

Problem signature:
  Problem Event Name:    BEX
  Application Name:    LivingWorld28.exe
  Application Version:    0.0.0.0
  Application Timestamp:    523e38cf
  Fault Module Name:    MSVCR90.dll
  Fault Module Version:    9.0.30729.4940
  Fault Module Timestamp:    4ca2ef57
  Exception Offset:    000369d0
  Exception Code:    c0000417
  Exception Data:    00000000
  OS Version:    6.1.7601.2.1.0.768.3
  Locale ID:    1033
  Additional Information 1:    ecb8
  Additional Information 2:    ecb8b6b3fb285d1fe49fabbe6a5624e5
  Additional Information 3:    30f9
  Additional Information 4:    30f9ac9d315b9319a3aeb77cf591ed85 


I have done all I could to fix this - from reinstalling MS Visual Studio 2008 to entering this command - bcdedit.exe /set {current} nx AlwaysOff to turn off Data Error Protection - and am totally frustrated. I don't know what else I can do.