Same. Not working with Vista 64 SP1. Event log shows the following:
Activation context generation failed for "<hidden>\GalaxyForge 1.15\Ironclad.Managed.dll". Dependent Assembly Microsoft.VC90.DebugCRT,processorArchitecture="x86",publicKeyToken="<hidden>",type="win32",version="9.0.21022.8" could not be found. Please use sxstrace.exe for detailed diagnosis.