Final Cut Studio license invalid after upgrading to Leopard?

Hello,
After upgrading to Leopard 10.5.1, Final Cut Studio v5.1.4 and its companion apps like DVD Studio 4 do not recognize my FC Studio License as valid. I input the license key and it says:
"Licensing Error
This application cannot continue because the licensing data is corrupt."
I am a licensed user via the FC Studio Crossgrade since 2006 and all has been fine with Tiger before Leopard.
I have used Disk Utility to "repair permissions". I have removed the FC files from the Preferences folder to give it a clean start.
PERHAPS A HINT?:
So I tried to re-install FC Studio 5.1 from the FC Install DVD and I get this message after inputting the key:
"Alert
Licensing Error: The license file will not be written to disk because the user does not have enough privileges."
I have Administrator privileges on this account and I even tried to install it as 'root' and the same error occurs.
Is there a file that I need to change permissions on?
THANKS for any help here! And happy holidays.
Bonafide

Hi,
Unfortunately there is also an issue with installing FCS2 on a brand new installation with Leopard and this licensing error.
"Alert Licensing Error: The license file will not be written to disk because the user does not have enough privileges."
This also occurs, apparently, that if you are logged in with an Active Directory user with Admin privileges it still will not let you install the product keys.
This is much the same as a problem with Adobe CS3 products, only the updates work when you are logged in with a local admin - not an Active Directory Admin.
Both these problems are really really annoying for those on corporate networks - such as myself.
For my problem, I had to log out as my AD account, login as a local admin and then install the software. .
KJ

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