Apparently there is a problem caused by SQL Books Online mixing up with Management Studio, as I reinstalled Management Studio to no avail.
Removing SQL Books Online was not enough in my specific case. I had to remove Management Studio as well. Ldubois, I noticed you did so as well. Did you have SQL Books Online installed also?
Just to be safe, I rebooted after removing SQL Books Online and Management Studio..
Then I reinstalled Management Studio & it works (the pesky startup exceptions went away).
There is another related problem, and that is choosing 'File -> Open -> File' from the Management Studio's menu bar & receiving a nice AV and app exit.
I have not reinstalled SQL Books Online, as likely that will resurface the problem.
For me, the procedure I just described resolved these seriously easy to find bugs that made it out of Microsoft.
Hope this helps. Happy New Year 2007!:))
-yoshiro (mark) aoki