Error in LiveMail – Error Code 0x80041161

Hello,
My Windows LiveMail suddenly encountered an error that says: Windows live mail could not be started. It may not be installed correctly, make sure that your disk is not full, or that you are not out of memory (0x80041161).
I did not do anything which made this happen. I have adequate disk space and I've been using LiveMail for months which means neither of the statements are true. What can I do to solve this problem?
