"licensing has stopped working" - HELP!

For starters this this a licensed and paid version of CS3 Photoshop running on an iMac with OS 10.5
I was converting some RAW files and my machine froze. I restarted and got this message when trying to open. Hours later and after several re-installs of both the Mac OS and Photoshop, I still get the same message.
Yes I've found the link with the instructions to the Flexnet folder, but when I get to the folder it has nothing that resembles the instructions. I have a full system backup and the folder is no different from what was in it last week when things were just fine.
Support is not answering the phone until next week - at least that is the message I got today.
Any help is greatly appreciated. Thanks
mike

Hi Michael, Have you tried trashing the flexnet folder, photoshop should ask you to re register? and you said you had a back up of it so you can go back to it.
Regards bj.

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