I then restarted my computer and installed this file...wlsetup-all that can be found here: http://www.mydigitallife.info/2009/01/07/download-windows-live-essentials-messenger-version-2009-build-14080501202-for-windows-7/
Choose Download Windows Live Essentials (Messenger) 2009 – English (full)
I now have my favorite version of Windows Live Messenger back and running smoothly.
I forgot how great it was being able to draw, to adjust volume during a video call, having the nicer emoticons and more....
p.s. If you are having trouble when trying to install Windows Live Messenger 2009 (file wlsetup-all) you might wanna give ZapMessenger a try.