[RAY]

Вот что пишет RegMonitor при запуске программы на момент, когда вручную удалён ключ реестра "Open with iPhoto Express Explorer" ($$$ - начало новой строчки):

$$$ 34.24425982 PE4.EXE:1360 OpenKey HKCU SUCCESS Key: 0xE1BB2DE0
$$$ 34.25170154 PE4.EXE:1360 QueryKey HKCU SUCCESS Name: \REGISTRY\USER\S-1-5-21-1935655697-688789844-1343024091-1003_CLASSES
$$$ 34.25181804 PE4.EXE:1360 OpenKey HKCU\Folder NOTFOUND
$$$ 34.25190436 PE4.EXE:1360 OpenKey HKCR\Folder SUCCESS Key: 0xE10C9E20
$$$ 34.25204963 PE4.EXE:1360 QueryKey HKCR\Folder SUCCESS Name: \REGISTRY\MACHINE\SOFTWARE\Classes\Folder
$$$ 34.25212981 PE4.EXE:1360 OpenKey HKCU\Folder\shell\Open with iPhoto Express Explorer\command NOTFOUND
$$$ 34.25216892 PE4.EXE:1360 OpenKey HKCR SUCCESS Key: 0xE13F3AB8
$$$ 34.25220189 PE4.EXE:1360 CreateKey HKCR\Folder\shell\Open with iPhoto Express Explorer\command NOTFOUND
$$$ 34.25222926 PE4.EXE:1360 CreateKey HKCR\Folder SUCCESS Key: 0xE1B5C580
$$$ 34.25225077 PE4.EXE:1360 CreateKey HKCR\Folder\shell SUCCESS Key: 0xE1DA38E0
$$$ 34.25228542 PE4.EXE:1360 CloseKey HKCR\Folder SUCCESS Key: 0xE1B5C580
$$$ 34.25286203 PE4.EXE:1360 CreateKey HKCR\Folder\shell\Open with iPhoto Express Explorer SUCCESS Key: 0xE1B5C580
$$$ 34.25291343 PE4.EXE:1360 CloseKey HKCR\Folder\shell SUCCESS Key: 0xE1DA38E0
$$$ 34.25321766 PE4.EXE:1360 CreateKey HKCR\Folder\shell\Open with iPhoto Express Explorer\command SUCCESS Key: 0xE1DA38E0
$$$ 34.25326152 PE4.EXE:1360 CloseKey HKCR\Folder\shell\Open with iPhoto Express Explorer SUCCESS Key: 0xE1B5C580
$$$ 34.25330566 PE4.EXE:1360 CloseKey HKCR SUCCESS Key: 0xE13F3AB8
$$$ 34.25338975 PE4.EXE:1360 QueryKey HKCR\Folder\shell\Open with iPhoto Express Explorer\command SUCCESS Name: \REGISTRY\MACHINE\SOFTWARE\Classes\Folder\shell\Open with iPhoto Express Explorer\command
$$$ 34.25457928 PE4.EXE:1360 OpenKey HKCU\Folder\shell\Open with iPhoto Express Explorer\command NOTFOUND
$$$ 34.25481060 PE4.EXE:1360 SetValue HKCR\Folder\shell\Open with iPhoto Express Explorer\command\(Default) SUCCESS "C:\Program Files\Ulead iPhoto Express\PROGRAMS\PE4.EXE "%L""
$$$ 34.25487848 PE4.EXE:1360 CloseKey HKCR\Folder\shell\Open with iPhoto Express Explorer\command SUCCESS Key: 0xE1DA38E0
$$$ 34.25492206 PE4.EXE:1360 CloseKey HKCR\Folder SUCCESS Key: 0xE10C9E20