I too am having a problem with this. I recently reformatted the disk, reinstalled WindowsXP, installed a video driver, a sound driver, a few motherboard drivers, and then CWhc(s)12 and when I launch the IDE, this same message appears. I can run the file "regservers.bat" and it appears to complete successfully, but there is no change. This same computer, with the same hardware configuration was able to install and launch the IDE previously, but since reformatting and reinstalling, other software installs correctly, such as Matlab, but not Code Warrior. I really don't know what to do to resolve this error.
Thanks for any suggestions