unknown startup error

The following is the log of my CF8 running on winXP-SP3:

Starting Macromedia JRun 4.0 (Build 108673), coldfusion server
05/05 13:01:18 warning Unable to open C:\ColdFusion8\runtime/lib/license.properties
05/05 13:01:21 info JRun Naming Service listening on *:2930
05/05 13:01:27 info No JDBC data sources have been configured for this server (see jrun-resources.xml)
05/05 13:01:27 info JRun Proxy Server listening on *:51800
05/05 13:01:27 info Deploying enterprise application "Adobe_ColdFusion_8" from:file:/C:/ColdFusion8/
05/05 13:01:28 info Deploying web application "Adobe ColdFusion 8" from: file:/C:/ColdFusion8/
05/05 13:01:33 INFO License Service: Flex 1.5 CF Edition enabled
05/05 13:01:33 user JSPServlet: init
05/05 13:01:33 INFO Starting Flex 1.5 CF Edition
05/05 13:01:37 user ColdFusionStartUpServlet: init
05/05 13:01:37 user ColdFusionStartUpServlet: ColdFusion: Starting application services
05/05 13:01:37 user ColdFusionStartUpServlet: ColdFusion: VM version = 10.0-b19
05/05 13:01:38 Information [main] - Starting logging...
05/05 13:01:38 Information [main] - Starting license...
05/05 13:01:42 Information [main] - Evaluation Edition enabled
05/05 13:01:43 Information [main] - Starting crypto...
05/05 13:01:43 Information [main] - Installed JSafe JCE provider: Version 3.6 RSA Security Inc. Crypto-J JCE Security Provider (implements RSA, DSA, Diffie-Hellman, AES, DES, Triple DES, DESX, RC2, RC4, RC5, PBE, MD2, MD5, RIPEMD160, SHA1,SHA224, SHA256, SHA384, SHA512, HMAC-MD5, HMAC-RIPEMD160, HMAC-SHA1, HMAC-SHA224, HMAC-SHA256, HMAC-SHA384, HMAC-SHA512)
05/05 13:01:43 Information [main] - Starting security...
05/05 13:01:44 Error [main] - Unable to initialize Security service: java.lang.NullPointerException
05/05 13:01:44 Information [main] - Starting scheduler...
05/05 13:01:44 Information [main] - Starting WatchService...
05/05 13:01:44 Error [main] - Unable to initialize WatchService service: coldfusion.server.ServiceFactory$ServiceNotAvailableException: The '' service is not available.
05/05 13:01:44 Information [main] - Starting debugging...
05/05 13:01:44 Information [main] - Starting sql...
05/05 13:01:45 Information [main] - Starting mail...
05/05 13:01:45 Information [main] - Starting runtime...
05/05 13:01:45 Information [main] - CORBA Configuration not enabled
05/05 13:01:45 Information [main] - Starting cron...
05/05 13:01:45 Information [main] - Starting registry...
05/05 13:01:46 Information [main] - Starting client...
05/05 13:01:50 Information [main] - Starting xmlrpc...
05/05 13:01:53 Information [main] - Starting graphing...
05/05 13:01:53 Information [main] - Starting verity...
05/05 13:01:53 Information [main] - Starting archive...
05/05 13:01:53 Information [main] - Starting document...
05/05 13:01:55 Information [main] - Starting eventgateway...
05/05 13:01:55 Information [main] - Starting Event Backend Handlers.
05/05 13:01:55 Information [main] - Initialized EventRequestDispatcher with a Thread Pool size of 10.
05/05 13:01:55 Information [main] - Initializing EventRequestHandler
05/05 13:01:55 Information [main] - Starting Event Gateways.
05/05 13:01:56 Information [main] - Starting FlexAssembler...
05/05 13:01:56 Information [main] - Starting .NET...
05/05 13:01:57 Information [main] - Starting Monitoring...
05/05 13:01:59 Information [main] - ColdFusion started
05/05 13:01:59 user ColdFusionStartUpServlet: ColdFusion: application services are now available
05/05 13:01:59 user CFMxmlServlet: init
05/05 13:01:59 user CFMxmlServlet: Macromedia Flex Build: 87315.134646
05/05 13:01:59 INFO Macromedia Flex Build: 87315.134646
05/05 13:02:09 user CFSwfServlet: init
05/05 13:02:09 user CFCServlet: init
05/05 13:02:11 user FlashGateway: init
05/05 13:02:11 user MessageBrokerServlet: init
05/05 13:02:13 user CFFormGateway: init
05/05 13:02:13 user CFInternalServlet: init
Server coldfusion ready (startup time: 63 seconds)

I am unable to serve any cfm files nor get into Admin.

I have reinstalled twice but I get the same result.

What is wrong and how can it be fixed...