Hi gregbeanpe,
**1. Which service pack is installed on your computer?**I would suggest you to refer to the section “Cli.exe - Application error - The application failed to initialize properly" in the below provided link and check if the steps provided assist you resolve the issue -
http://support.amd.com/us/kbarticles/Pages/737-22467HowtoTroubleshootVariousInstallationErrors.aspx
You may refer to the below link to download and install the .NET framework version 2.0 - http://www.microsoft.com/downloads/en/details.aspx?familyid=0856eacb-4362-4b0d-8edd-aab15c5e04f5&displaylang=en
Hope this helps.
Thanks,
Meghmala – Microsoft SupportVisit our Microsoft Answers Feedback Forum and let us know what you think