Doctor M said:

Soft Encode has a so called "dying bug" that can occur if you canceled a conversion. Afterward it'll just keep crashing.

The fix is to delete two registry keys:

HKEY_LOCAL_MACHINE\SOFTWARE\Sonic Foundry\Soft Encode

HKEY_CURRENT_USER\Software\Sonic Foundry\Soft Encode

Remove these and it should start to work again.

HOT DAMN! That worked, although I only had to delete the bottom key, the top was not in there, the local machine one.

Thanks Dr. M

ps. Did you get my email?