I solved my problem, just not sure exactly why.
I uninstalled a program (and here is where I failed to remember the exact name) called Cyberlink something.
Power Director runs perfectly now, and it still says version 3305. So not sure if it uninstalled all the updates, and retained the version name, or it did something else. But good news it works just like before the update screwed things up.
Posted this in case anyone else runs into the same problem. Think I will pass on trying the update again.