I have just tried to run Drive Image 2002, another PowerQuest program, and got the same result.
XP is up to date. Got the latest update for Partition Magic. I had a look on the Symantec kb and noticed a link that had a heading 'System hangs loading PowerQuest programs' It suggested a compatibility check, tried it for both programs but to no avail.
I use DI 2002 and PM8 in XP Home with NTFS.To use either of these I use the "Rescue floppys" I created some time ago(before I changed from FAT32 to NTFS)I also tried DI7,but the .Net d/l screwed my XP so I reinstalled XP,applied all the updates(minus .Net)and used the floppys to create a backup of my C: partition(having used PM to partition my 240Gb RAID system)