Adobe Photoshop cs3 has stopped working

“Adobe Photoshop cs3, cs4 has stopped working”.

If you are getting this error message, chances are that your preferences profile is corrupted. Here are steps to fix it:

1. Please press the following keys in the right order

 
crtl + alt + shift and then click on the Photoshop icon

2. The following pop pup will show up

Just click on “delete” and that should fix it.

Reference
http://forums.adobe.com/thread/424213

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