There are known issues with the latest flash...
Travel Here and have her run the uninstaller and then DLoad and install the latest version...
Just a warning to all Vista users...though IE 7 may be a contributing culprit. Having treid a dozen times to uninstall Flash and reinstall (even using Adobe's uninstall program/fix) Flash would still not work. Solution was to reformat and reinstall Vista and then, before doing anything, install all of the IE7 add-ons. Following that, download critical updates from Microsoft.
The fun part was that this new Compaq came with Vista pre-installed. I used the OEM disc for the very first time and Microsoft would not let me authenticate or register online...I had to call. "Mandy" (not her real name-trust me on that) was nice to start with until I told her that, "No, this disc is not installed on another computer, I am reinstalling due to a problem with Vista running add-ons in IE7". She had me hold while she called a supervisor...then we had to go through the explanation AGAIN. Microsoft does not like it when you tell them there is a software problem (unless you want to pay for telephone support as I did ONE TIME after Xp was released).
Everything now works well...so far ;-)