I would personally try this one, uninstall limewire, uninstall JRE, uninstall or JRE Updates (in that order). If it doesn't prompt to restart computer, reboot anyways. Reinstall limewire, it should install JRE with setup installer.

The reason it does this is because you could have a corrupted JRE or corrupted JRE update, however there are two other reasons which might cause this error to occur and these are:
a) Installed to specific location other than the default location
b) Multiple JRE updates installed.

Of course, with Java when you do a JRE update, it doesn't overwrite the previous version. Some applications do this, others will just overwrite the previous version. However, it's recommended to uninstall previous versions before installing new versions of software. This is because most applications tend to have problems if you install them over the top of older versions of software.