Is the problem that you can't access the configuration for one particular folder, or can you not launch the hardware configuration application for any folder?
Not being able to open configuration for one existing folder implies a corrupted file or files within the folder.
Not being able to ever open hardware configuration implies insufficient resources, a bad installation, or OS/software version imcompatibility.
If you're not sure whether your problem is folder-specific or generic, try creating a new (blank) folder and see if you can open hardware configuration for it.
If the problem turns out to be an issue of compatibility between VP and your computer, I'd suggest getting the distributor from whom you bought the software involved in getting it resolved.