I get this message when trying to open premiere from creative cloud. Just purchased it. Took CS3 out of my computer first, then downloaded. Also downloaded an update today and installed that. Rebooted.
My system specs are:
windows 7 home premium 64bit (6.1, Build 7601)
gateway
DX4860
bios date 08/01/11 14:16:44 Ver: 04.06.04
Intel(r) Core(tm) i7-2600 CPU @ 3.40 GHz (8 CPUs), ~3.4GHz
8192MB RAM
page file 2097MB used, 14255MB available
DirectX 11