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If you see recurring errors in the Event Viewer under DCOM (details below) take note of the user account(s) associated with the errors and then follow these steps to resolve the issue:
 
1. Go to Start/Administrative Tools/Component Services
2. Drill down to Console Root/Component Services/Computers/My Computer/DCOM Config
3. Right click on IIS WAMREG Admin Service and select Properties.
4. On the Security tab click Edit next to Launch and Activation Permissions.
5. Add the user that shows up in the Event Viewer error and grant them Local Activation ahd Local Launch
 
That's it!
 
Event details below:
Event Type: Error
Event Source: DCOM
Event Category: None
Event ID: 10016

Date: 1/17/2007
Time: 4:31:48 AM
User: <DOMAIN>\sa_adm
Computer: <SERVER>
Description:

The application-specific permission settings do not grant Local Activation permission for the COM Server application with CLSID {GUID} to the user <DOMAIN>\xxxxx (GUID). This security permission can be modified using the Component Services administrative tool.

Any comments feel free to post them on my blog.

Good luck.

-ann wallinger