did you install steam recently? had the same problem about 2 years ago when i installed steam for the very first time... after i removed it, it was fine again.
when i googled for the error it looked like steam actually have something to do with it but there is no "real" solution.
if you use vista you could just simply try to start e.t. as administrator - this might work...
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hi,i had the same problem like this i solved this with game booster.i think some windows application or smth else (i dont know which one)cause this problem.if you close this unnecessary app you can play i think. here is the link http://www.iobit.com/gamebooster.html cya