The application failed to initialize properly 0xc0150004

I'm having a problem with a Windows Storage Server 2003 system. I had to run
a chkdsk on the C: drive of this system to correct some errors. The Chkdsk
ran fine, but now when I log into the system I get several these errors when
trying to run many applications. The error is:
" The application failed to initialize properyl (0xc0150004). Click on OK to
terminate the application."

This happens when trying to run any MMC console application. I found a
knowledge base article (KB902400) which is similar but has a different error
code. This refers to a problem with Access Control List permissions on the
%windir%\registration directory. I think my problem may be a permissions
issue, but I have taken all the resolution steps outlined in the KB article
and I still have the problem.

The reason I think my problem is also a permissions issue is because when I
go to the properties of any folder, there is no security tab listed. (I have
tried logging in as both the domain administrator, and the local
administrator)

Help!

Thanks,

Carl Thoreson