Hi Michael,
I am guessing this happens when you run the install program?
If you already tried uninstalling manually from Add/Remove programs, try using the MSI Cleaner tool. CyberLink and others on the PowerDirector forum always recommend to use it.
You can see instructions and download it through the link on this page:
http://en.kioskea.net/faq/775-windows-installer-installing-cleanup
Just select YouCam 4 in the window and click Remove.
If you don't want to trust this site, you can download it directly from Microsoft too:
http://support.microsoft.com/kb/290301/
Here is a similar post on the PowerDirector forum for reference as well:
http://forum.cyberlink.com/forum/posts/list/3073.page#12470
Good luck!
Regards
David