I think it had to do with some other program initializing libiomp5md.dll.
Well the solution was to go to WIN-7 system advance settings and the environmental variables tab.
Once in EV's, create a new variable: KMP_DUPLICATE_LIB_OK
And set the value to TRUE.
Not too sure what it all means but it's somehow working now. At first the program said the MagicMotion part was missing but since it worked well in XP believed that that wasn't the case and that the program could not access MM rather than it be missing.
I'm posting this because the search function brought up not many solutions to a "powertools crash". The search function also brings up tons of stuff and its hard to weed through the search results at times.
Lets me hope this stays fixed "keeping my fingers crossed".
This message was edited 2 times. Last update was at Mar 22. 2011 06:41