We downloaded Office2008 update June 13th. Now our Office programs won't open. Is this happening to others? Does anyone know how to fix the problem?

We downloaded Office2008 update June 13th. Now our Office programs won't open. Is this happening to others? Does anyone know how to fix the problem?
This is the message box content we get when trying to open Word:
Process:         Microsoft Word [309]
Path:            /Applications/Microsoft Office 2008/Office/Microsoft Word.app/Contents/MacOS/Microsoft Word
Identifier:      com.microsoft.Word
Version:         ??? (???)
Build Info:      Unknown-101117~0
Code Type:       X86 (Native)
Parent Process:  launchd [109]
Date/Time:       2011-06-14 05:34:15.752 -0400
OS Version:      Mac OS X 10.6.7 (10J869)
Report Version:  6
Sleep/Wake UUID: FDFC3F45-E8C8-4D18-A0C4-EA3C76AD2547
Interval Since Last Report:          11753 sec
Crashes Since Last Report:           14
Per-App Crashes Since Last Report:   12
Anonymous UUID:                      DDF6AE0D-E118-4768-9B04-8CDCB6D7C62E
Exception Type:  EXC_BREAKPOINT (SIGTRAP)
Exception Codes: 0x0000000000000002, 0x0000000000000000
Crashed Thread:  0
Dyld Error Message:
  Library not loaded: @executable_path/../Frameworks/MicrosoftComponentPlugin.framework/Versions/12/M icrosoftComponentPlugin
  Referenced from: /Applications/Microsoft Office 2008/Office/Microsoft Word.app/Contents/MacOS/Microsoft Word
  Reason: image not found
Binary Images:
0x8fe00000 - 0x8fe4162b  dyld 132.1 (???) <A4F6ADCC-6448-37B4-ED6C-ABB2CD06F448> /usr/lib/dyld

You will need to contact Microsoft for a fix.  They also have a message board.  Post there if you cannot find an answer after searching their message boards. 
 

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