What does the error message "Cli.exe Application error: the application failed to initialize properly" mean?

An error message (Cli.exe - Application error - The application failed to initialize properly) occurs after installing and launching CATALYST Control Center. When using an ATI FireGL card the CATALYST Control Center requires Microsoft’s .NET version 2.0.

Microsoft's .NET 2.0 Framework is available at http://www.microsoft.com/downloads/d...displaylang=en