Received the follow messages:
1) Installs fine, couldn't work better.
2) Does not install. Got it to sort of install using the app comp toolkit, but it hung on detecting the hardware key. Will not run whatsoever. Emagic states that in Sept of 2001 or so, an update (the next version of the program) shall allow it to run in both Windows 2000 and Windows xp.

This software is fantastic in design, but has some major issues with detection of sound cards, latency and general errors. It requires a LOT of time to become efficient at this, but once mastered rivals with ProTools

note.. this software is discontinued at version 5.5.1 on the M$ Windows platform. It is now available only on MAC.

I get a General Protection Fault (GPF) on the "setup memory buffers" phase of the application initialisation. Perhaps this has something to do with the WOW64 compatibility layer of windows.. see http://en.wikipedia.org/wiki/Windows_on_Windows for an understanding.

It works fantastic on standard windows XP, but I recommend using "classic" modes in everything in order to tune performance.