I don’t have the answer, but can recommend some utilities which may point you in the right direction.
Download filemon and regmon from Microsoft Technet (formerly Sysinternals.com), and see if you can get them to run at your initialization time – prior to the driver detection (I’ve not done this – but it’s worth a shot) time. This (should) give you a record of what registry calls are being made – and the results of them – to allow you to get closer to the problem.
After doing some serious googling, i have found most people are saying the cause of this error is including windows media player 11 in the image However, i have an image without WMP11 that is still having problems so i need to keep digging. Hope this helps