Hi again,
Well, no luck...
As per list:
-1, updated to Java 1.4.2v2 but was already there.
-2, Disk Warriored, repaired disk with install CD, repaired permissions and ran fsck...
-3, uninstalled/re-installed: no-go
-4, installed LW Beta: no-go
-5, won't install in new user or no-go also
-6, installed LW 4.8.0: no-go
-7, For now, re-installing OSX is not an option as all other applications work seemingly normally... Howerver, I'm starting to suspect an ill Installer but I can't find a standalone version at Apple to replace mine... Will search this further.
-8, JUM version : no-go...

Maybe other suggestions from you guys...
Thanks