If you're using Windows XP SP2 then it might be worth seeing
http://www.gnutellaforums.com/showthread.php?t=57438
BTW did you try deleting your LW prefs folder? Remember it might be in either of 2 locations (one of them being within a "hidden" folder.)
peeler89 it might be worth uninstalling Java, then reinstalling it using the "Offline" Java installer which is about a 15 MB downld.