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Windows event: # 33 SideBySide error event ID 33

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Activation context generation failed for "C:\Program Files (x86)\Common Files\Acronis\DiskDirector\WinPE\Files\ManagementConsole.exe". Dependent Assembly Microsoft.VC80.CRT,processorArchitecture="x86",type="win32",version="8.0.50727.762" could not be found. Please use sxstrace.exe for detailed diagnosis.

Anyone have any ideas what the cause is?
Windows 7 x64 lots of disks, lots of memory

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Do you use the latest build ? http://kb.acronis.com/content/16063
Anyway, if you're not going to create WinPE-based media, you can zip these files or move them from this directory (and rstore back when needed)