Accessing a folder.
This will sound off the wall, but we had something similar to this happen with my last laptop, where it was "access denied" in lots of areas, and we would have to find little backdoor ways to get into control panel and document files. The problem with our computer was that it had previously crashed, and we had rebooted and reinstalled the xp, but didn't have the registration number, so it would run ok, but to get into all those access denied things (which you eventually need to get into) we had to come up with our registration number.
Did it prompt you to enter the product key when you re-installed it?
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