Windows Server 2003 MMC Glitch?

[CyrusLabs]

I have a Windows Server 2003 machine and haven't really been doing much except serving up pages. It's a fully updated machine, but for some strange reason every time I attempt to launch the "Local Security Policy" item in the Administrative tools lately, I am met with a nasty message that says:

"Snap-in failed to initialize.

Name:Group Policy Object Editor

CLSID:{XXXXXXXXXXXXXXXXXXXXX} " (Numbers have been changed to protect the innocent )

I've searched the net for solutions, tried a lot, including hunting for the exact CLSID in my registry and deleting it manually. Nothing seems to work. Anyone out there have any ideas? It's kind of a hassle to not be able to access the local security policy and I'd like to avoid a reinstall. Thanks in advance.

[un4given1]

Have you tried just importing the snap-in file? The current one may just be corrupt.