Ok, a bit of clarification; It was a NEWER version that did the immediate crashing? So you re-installed an earlier version and that works but the presets which came with the later version are now what does the crashing?
If I understood this correctly then my question is this, did you Uninstall that newer version BEFORE installing that older version? If this is the case then I feel the newer version was not totally uninstalled, if it had been the presets of the new version shouldn't still be there. Then it seems to me that the reason for this is these presets of the newer version probably crash because the older version does not contain the needed files to run those presets of the newer version, so it crashes.
Now since I am completely in the dark as far as "music creating" programs go let me just use a different program as an example, and hopefully I won't sound like an idiot
I am going to use as an example the Microsoft Office program because I assume that no matter what type of computer program you are using the basic rules are the same and I had a somewhat similar situation recently.
I have Microsoft Office 2000, fully updated as far as it would go..meaning several years. I was creating a booklet using Publisher which is part of the Office program, needed for a meeting I was chairing, with a lot of graphics and different fonts, etc. I created the booklet and sent it to my daughter who is a grapic designer to edit and add the art work. She could read it and work with it without difficulty using her Publisher 2007. She did the editing, added graphics, changed some fonts, etc and sent it back to me. I could not open what she sent to me using my Publisher program, because she used a newer version than I had used. She could read MY booklet because her newer version of Publisher contained EVERYTHING in my old version but my old version did not contain files which were in her newer version so I could not read her edits.
I think this is quite possibly the problem you are having.
The host program as you call it would be the same as my Office 2000, when you installed the newer version of your Native Instruments Massive then it would not run properly because the host program, I assume is Native Instruments, was older than the Native Instruments Massive. The Native Instruments host program probably is like the Office 2000, it contains at least parts of all the "add-on" programs so that those add-ons can run but your older version of Native Instruments does not contain some of those files needed to run your newer version of Native Instruments Massive.
Now I have to ask, this is a very expensive program from what I can find, is the a "legal" paid for program or did you obtain this via file sharing? If it is a legally paid for and licensed copy then I would suggest you go to their website for assistance on the program problems they do have a forum for posting and they do have a support section. If this is a program you obtained via P2P file sharing then you are probably out of luck. This is a risk you take when you use file sharing to obtain a legitimate program without paying for it. Many times what you receive will be missing key elements OR contains viruses, trojans and malware.

Wow... lots of information - I'm going to have to really look at what you're explaining here again haha

I actually have a friend who is a pretty well known music producer in my area and he loaned me the install disk plus a disc with some updates on it and what not for the newer versions... I definitely uninstalled the newer version to install the older version. I might try and get rid of the presets that i was using with the newer version and reload them and then see if it crashes still. Here is a fresh HJT log by the way and THANK YOU so much - that one malware bytes program suprised me a lot - I'd like to think that I'm pretty good at keeping my computer clean but it seems that I was wrong HAHA.

Logfile of Trend Micro HijackThis v2.0.2
Scan saved at 4:47:08 PM, on 1/21/2009
Platform: Windows XP SP2 (WinNT 5.01.2600)
MSIE: Internet Explorer v7.00 (7.00.6000.16762)
Boot mode: Normal

Running processes:
C:\WINDOWS\System32\smss.exe
C:\WINDOWS\system32\winlogon.exe
C:\WINDOWS\system32\services.exe
C:\WINDOWS\system32\lsass.exe
C:\WINDOWS\system32\svchost.exe
C:\Program Files\Intel\Wireless\Bin\EvtEng.exe
C:\Program Files\Intel\Wireless\Bin\S24EvMon.exe
C:\Program Files\Intel\Wireless\Bin\WLKeeper.exe
C:\WINDOWS\system32\svchost.exe
C:\Program Files\Kaspersky Lab\Kaspersky Security Suite CBE\avp.exe
C:\Program Files\Cisco Systems\VPN Client\cvpnd.exe
C:\Program Files\Common Files\Microsoft Shared\Source Engine\OSE.EXE
C:\Program Files\Intel\Wireless\Bin\RegSrvc.exe
C:\WINDOWS\system32\svchost.exe
C:\Program Files\M-Audio Uno\UnoInst.exe
C:\WINDOWS\System32\vssvc.exe
C:\WINDOWS\System32\dmadmin.exe
C:\WINDOWS\Explorer.EXE
C:\WINDOWS\ehome\ehtray.exe
C:\WINDOWS\system32\hkcmd.exe
C:\WINDOWS\system32\igfxsrvc.exe
C:\WINDOWS\eHome\ehmsas.exe
C:\WINDOWS\system32\igfxpers.exe
C:\Program Files\Synaptics\SynTP\SynTPEnh.exe
C:\WINDOWS\stsystra.exe
C:\Program Files\Creative\Mixer\CTSVolFE.exe
C:\WINDOWS\System32\DLA\DLACTRLW.EXE
C:\Program Files\Kaspersky Lab\Kaspersky Security Suite CBE\avp.exe
C:\Program Files\Intel\Wireless\bin\ZCfgSvc.exe
C:\Program Files\Intel\Wireless\Bin\ifrmewrk.exe
C:\WINDOWS\eHome\ehSched.exe
C:\PROGRA~1\Intel\Wireless\Bin\Dot1XCfg.exe
C:\WINDOWS\system32\wuauclt.exe
C:\WINDOWS\system32\dllhost.exe
C:\WINDOWS\system32\wuauclt.exe
C:\Documents and Settings\Tyler\My Documents\HiJackThis.exe

R1 - HKCU\Software\Microsoft\Internet Explorer\Main,Default_Page_URL = http://www.google.com/ig/dell?hl=en&...us&ibd=2061210
R0 - HKCU\Software\Microsoft\Internet Explorer\Main,Start Page = http://www.myspace.com/
R1 - HKLM\Software\Microsoft\Internet Explorer\Main,Default_Page_URL = http://go.microsoft.com/fwlink/?LinkId=69157
R1 - HKLM\Software\Microsoft\Internet Explorer\Main,Default_Search_URL = http://go.microsoft.com/fwlink/?LinkId=54896
R1 - HKLM\Software\Microsoft\Internet Explorer\Main,Search Page = http://go.microsoft.com/fwlink/?LinkId=54896
R0 - HKLM\Software\Microsoft\Internet Explorer\Main,Start Page = http://go.microsoft.com/fwlink/?LinkId=69157
R1 - HKLM\Software\Microsoft\Internet Explorer\Search,Default_Page_URL = http://www.google.com/ig/dell?hl=en&...us&ibd=2061210
R1 - HKCU\Software\Microsoft\Windows\CurrentVersion\Internet Settings,ProxyServer = :0
O2 - BHO: Adobe PDF Reader Link Helper - {06849E9F-C8D7-4D59-B87D-784B7D6BE0B3} - C:\Program Files\Adobe\Acrobat 7.0\ActiveX\AcroIEHelper.dll
O2 - BHO: DriveLetterAccess - {5CA3D70E-1895-11CF-8E15-001234567890} - C:\WINDOWS\System32\DLA\DLASHX_W.DLL
O2 - BHO: SSVHelper Class - {761497BB-D6F0-462C-B6EB-D4DAF1D92D43} - C:\Program Files\Java\jre1.5.0_06\bin\ssv.dll
O4 - HKLM\..\Run: [ehTray] C:\WINDOWS\ehome\ehtray.exe
O4 - HKLM\..\Run: [igfxtray] C:\WINDOWS\system32\igfxtray.exe
O4 - HKLM\..\Run: [igfxhkcmd] C:\WINDOWS\system32\hkcmd.exe
O4 - HKLM\..\Run: [igfxpers] C:\WINDOWS\system32\igfxpers.exe
O4 - HKLM\..\Run: [SynTPEnh] C:\Program Files\Synaptics\SynTP\SynTPEnh.exe
O4 - HKLM\..\Run: [SigmatelSysTrayApp] stsystra.exe
O4 - HKLM\..\Run: [CTSVolFE.exe] "C:\Program Files\Creative\Mixer\CTSVolFE.exe" /r
O4 - HKLM\..\Run: [DLA] C:\WINDOWS\System32\DLA\DLACTRLW.EXE
O4 - HKLM\..\Run: [AVP] "C:\Program Files\Kaspersky Lab\Kaspersky Security Suite CBE\avp.exe"
O4 - HKLM\..\Run: [IntelZeroConfig] "C:\Program Files\Intel\Wireless\bin\ZCfgSvc.exe"
O4 - HKLM\..\Run: [IntelWireless] "C:\Program Files\Intel\Wireless\Bin\ifrmewrk.exe" /tf Intel PROSet/Wireless
O8 - Extra context menu item: Add to Anti-Banner - C:\Program Files\Kaspersky Lab\Kaspersky Security Suite CBE\ie_banner_deny.htm
O8 - Extra context menu item: E&xport to Microsoft Excel - res://C:\PROGRA~1\MI1933~1\OFFICE11\EXCEL.EXE/3000
O9 - Extra button: Statistik für Web-Anti-Virus - {1F460357-8A94-4D71-9CA3-AA4ACF32ED8E} - C:\Program Files\Kaspersky Lab\Kaspersky Security Suite CBE\SCIEPlgn.dll
O16 - DPF: {56762DEC-6B0D-4AB4-A8AD-989993B5D08B} (OnlineScanner Control) - http://www.eset.eu/buxus/docs/OnlineScanner.cab
O20 - AppInit_DLLs: C:\PROGRA~1\KASPER~1\KASPER~1\adialhk.dll
O23 - Service: Kaspersky Security Suite CBE (avp) - Kaspersky Lab - C:\Program Files\Kaspersky Lab\Kaspersky Security Suite CBE\avp.exe
O23 - Service: Cisco Systems, Inc. VPN Service (CVPND) - Cisco Systems, Inc. - C:\Program Files\Cisco Systems\VPN Client\cvpnd.exe
O23 - Service: Intel(R) PROSet/Wireless Event Log (EvtEng) - Intel Corporation - C:\Program Files\Intel\Wireless\Bin\EvtEng.exe
O23 - Service: Intel(R) PROSet/Wireless Registry Service (RegSrvc) - Intel Corporation - C:\Program Files\Intel\Wireless\Bin\RegSrvc.exe
O23 - Service: Intel(R) PROSet/Wireless Service (S24EventMonitor) - Intel Corporation - C:\Program Files\Intel\Wireless\Bin\S24EvMon.exe
O23 - Service: Uno Installer (UnoInstallerService) - Unknown owner - C:\Program Files\M-Audio Uno\UnoInst.exe
O23 - Service: Intel(R) PROSet/Wireless SSO Service (WLANKEEPER) - Intel(R) Corporation - C:\Program Files\Intel\Wireless\Bin\WLKeeper.exe

--
End of file - 5343 bytes

Thanks again!
kilegoTy