Fixing Adobe Photoshop CS3 FLEXNet Licensing Issue !
Don't panic as you won't necessarily need to re-install the application suite as suggested by the error, it could be a simple FLEXNet Licensing Service issue, which can easily be resolved easily
Fixing Adobe CS2/CS3 Licensing Issue-
Goto Start -- Run, type in services.msc in Run box and press Enter.
Navigate to FLEXnet Licensing Service and enable it as shown
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