Have tried deleting my limewire preferences.
Have downloaded newest beta version.
Have changed my Java settings to 1.5.

Still dosent launch - arrrggghhhhhhhhh!!!!!

Have checked the crash log and it states that the error is due to:

Library not loaded: /System/Library/Frameworks/JavaVM.framework/Versions/1.4.2/Libraries/libverify.dylib

Referenced from: /System/Library/Frameworks/JavaVM.framework/Versions/1.4.2/Libraries/libjava.jnilib
Reason: no suitable image found.

Did find: /System/Library/Frameworks/JavaVM.framework/Versions/1.4.2/Libraries/libverify.dylib: unknown file type, first eight bytes: 0x6A 0xE9 0xE5 0x6E 0xC1 0x32 0xFA 0xB6

Any suggestions??