Cx_Freeze: Python error in main script

I have been using Frets on fire 1.2.451 on my windows XP for a long time now without problems.
Recently I tried installing the latest of this software which is Fret on Fire 1.2.512.
The installation process was quite easy(I enjoyed it) and I was actually able to load it I could even scroll through the list of songs and also make selections, but the problem occurred when I tried to play the song.
When I enter the song it gives an error saying, Cx_Freeze: Python error in main script.

“Cx_Freeze: Python error in main script
Traceback (most recent call last):
File “cusersprojcx_Freeze-3.0.3initscriptsconsole.py”,line 27, in?
File “src/FretsOnFire.py”,line 79,in?
File “srcGameEngine.py”, line 369, in run
File
“C:APSactpythonlibsite-packagesopengl-3.0.0a4-py2.4.eggOpen
GLerror.py”, line90,in_str_
File
“C:APPSactpythonlibsite-packageopengl-3.0.0a4-py2.4.eggOpen
GLerror.py”, line 123, in shortRepr
MemoryError”
My previous version worked just fine so am sure my machine is ok. Is this a problem with my upgrade software?
Or is there a way to fix this error?
Looks like I have to go back to my previous old version.
