I've come across this problem myself and I tried googling a lot and found out a few methods to fix this problem but, the interesting part is that NONE works.
With this error, your audio, your networks, the graphics; all are affected. Your audio devices will not be shown in the devices section, your internet will not work and one thing for sure is that, you'll be really pissed! The error seems to be caused by some old version of HP printer drivers. Microsoft has release updates for Windows XP sp2 but the problem still continues with SP3. (Haven't tried with Vista)
I read about a few other methods other than the WORKING one I've given here, and that includes software updates or patches from Windows and HP; but as I'm using a new enough software, the patch didn't work.
Anyway, here's the steps for Manual fixing, which is by far the best:
1. Open Registry Editor: Start>Run and in the box type: regedit and press OK.2. Find "TransportBindName”. (Edit>Find or Ctrl+F) It may take a few mins to search. (You can look for it yourself at the location HKEY_LOCAL_MACHINE\SYSTEM\ControlSet001\Services\NetBT\Parameters)3. Double-click on that value and delete the default value in the box and press OK.4. Find the value “EnableDCOM”, located at HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Ole5. Double-click on that value and set the value in the box as ‘N’ which currently maybe set as ‘Y’.6. Close the Registry Editor and restart your computer.
I think this will solve your problem.
