Rumford, you are not alone. I have the exact same trouble, also on WindowsXP. I've deleted the config.mxs file, same problem. Uninstalled, rebooted, reinstalled, rebooted, same problem. Uninstalled, rebooted, cleared the registry, rebooted, reinstalled, rebooted, same problem.
NI, any ideas? I love the ideas of this DAQPad, but so far it's cost quite a bit of time.