adman 2, I recently encountered a similar problem with 'flash player' in IE7.
I solved it by uninstalling Flash using click here
running CCleaner (or similar reg cleaner) and installing Flash click here
ans Shockwave click here?
Finally, testing your installations click here
There is no need to uninstall your graphic card drivers, reinstall the graphic card driver (following the un/reinstall instructions of your particular model to the letter) and try the above flash solution.