since I don't have any mp3 stored locally.
I just get a generic error windows message with a
few memory locations, click ok and foobar closes

I have not been able to test with local mp3s yet
System Info:
Windows 2k sp3 and all windows updates
Installs that might be relevant
vb6
.net framework
sql server 2000 enterprise manager
Dell optiplex GX260:
P4 2.4Ghz
256mb pc2100 ddr
onboard intel vid
onboard soundmax sound
onboard intel NIC