"Failed to launch server application" Error when calling "Edit Bitmap" Function

 Replied to this post: http://community.coreldraw.com/forums/t/5286.aspx which I found when I googled for some help about the "Failed to launch server application" when trying to edit a bitmap out of CorelDraw, only later saw that specific post was for X3.  I have the same trouble, only with X4.

To recap my problem:

When calling the "edit bitmap" function in X4 - I receive this message: "Failed to launch server application".  Paint opens, closes, opens, closes and then the message pops up. 

I tested several files, different bitmaps, different dpi's, new files with newly converted bitmaps (filled rectangle to bitmap).  To no avail. 

Any help would be appreciated!