CS5 file is not compatible error

"Cannot complete your request because the file is not compatible with this version of Photoshop"
Hi, I'm sick of my computer problems...
So I'm trying to make an animation, I'm using about 4 or more video layers in order to do so, and I noticed this issue.
I save my file, and then try to reopen it and it gives me this error.
Why? Should this not be fixed? Or how can I fix it? I would really appreciate it because I have a deadline ^_^
I also tested it, I tried remaking the same thing, saved it as a different file name and kept the same one open, I try to open the saved file into photoshop and gives me the same issue.
- I also checked my HDD with checkdisk, no errors, what do you know
- I can also see the image clearly in Adobe Bridge, hello file I can't open.
- I tried to open the file on CS4 32-bit on my other computer, and guess what, it works fine and opened fine without issue. Why?
I'm using WIndows 7
Photoshop CS5 Extended
I work in the 32bit version, but I have both versions installed (32 and 64 bit) I feel more comfortable working in 32 bit, the files will not open in64 bit either.
If there's a way to fix this stupid issue, let me know thank you very much.

1) Make sure you installed all the updates for Photoshop CS5. The current version is 12.0.4.
My guess is that you are still on 12.0.0.
2) Check your disk for problems/corruption.

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After several hours creating a PSD file in Photoshop CS5 I attempted to revert some changes and got this error "Could not complete your request because the file is not compatible with this version of Photoshop".
I closed the file and restarted Photoshop and still get this error.
I restarted the computer and still get this error. Now my hours of work are WASTED!
This file was created using Photoshop CS5 Extended and was never in any other software.
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I was able to open the file in Photoshop CS2 and all layers were intact. PS CS2 gave me the message: "A layer is corrupt and will be discarded." Turns out that was the video layer. The file itself was fine and I am again working on it in PS CS5.
Which leads me to ask: If a video layer gets corrupted why can't PS CS5 open it?
PS CS2 had no problem opening the file, it just flatteded the video layer - it even kept the current key frame.
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This is the free app that all the PSD repair hacks are based on: Telegraphics - Free plugins for Photoshop & Illustrator...and other software
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http://kb2.adobe.com/cps/406/kb406793.html
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I cannot open a PSD file I was working on the day before.
I get 'Could not complete your request because the file is not compatible with this version of Photoshop'
I created this file using CS4 and was opening yesterday fine.
This has never happened with PS files before.

I saved on my HD
It looks to be about the right size.
I did do some moving around of the folder it was in, andc it uses vector smart objects. I wonder if that screwed it up. So I placed it back where it was originally and still no such luck.
I havn't checked for disk failures. Is that in utilities? My computer has been acting very strange lately (not sleeping when closed, powering uo the HD for no reason etc)\
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Could not complete your request because the file is not compatible with this version of photoshop

Hello,
I'm a beginner in PS. I was edit TIFF file in PS. Size of file is 21x89.1(22.6 MB). Then suddenly power - cuted. But after 5 min turn on PC and PS can't open my TIFF file.
Error is (could not complete your request because the file is not compatible with this version of photoshop)
What should I do, how I open this TIFF file? I realy need to open this file?
Please help me...
Regards, Suvd.S

Out of curiosity, were you actually saving the file at the moment the power cut off, or had you just saved it?
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-Noel

CS5 file is not compatible error

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