ahhh , ok, hmmm ...see if this means anything to you , the problem is the application is looking for a 32 bit driver (sort of)

http://support.microsoft.com/kb/894435/en-us

In the control panel for windows , the installed programs  (add or remove programs) you should look for net framework 1 and 2. If they are NOT installed you probably need to download and install both. Thats at that support link too.

If you are not familiar with installing software I would wait for instructions from the developer. I have left a PM at DAZ for him, but all the info I can find is fairly old.

Was this a commercial product or the freebie ?

If you go to control panel > administration tools > event log> application or maybe system you should see the error logged. clicking on that should take you to microsoft and the same support page I pasted.