To be as clear as I can, I should state that I have been experiencing the launch of FNPLicensingService, the SIGSEGV messages, and the eventual freezing it causes, all related to an installation of Adobe CS4 Web Premium.
However it soon became worse than that. After an innocuous update of some Adobe components performed by running Adobe Updater, all my Adobe applications refused to launch. The application would launch, immediately open Adobe's crash daemon and FNPLicensingService, about 50 SIGSEGV messages would pour in, and the daemon binary and the application would quit. This happening in the span of a second or two. It appeared my entire CS4 install was hosed, but it came back to life after performing the steps outlined below, which also had the fantastic side benefit of addressing the central issue of this thread.
Following solution 1 and 6 did fix the issue for me, but there was just a wee bit of variance in the way I performed the steps which may or may not make a difference for you. I'll try to be as specific as possible in describing this voodoo, without running through the steps again (I'm not
gulp that eager to perform this operation again now that my install is stable). So, my fix:
1) Restart your machine to start in a relatively pristine state (I didn't go so far as to boot up in safe mode).
2) Follow steps 1 - 3 of Solution 1 from
http://kb.adobe.com/selfservice/viewContent.do?externalId=kb405970 .
3) On reaching step 4 of Solution 1, follow it through to the point where the Terminal session reports that it actually installed stuff in the FlexNet folder. At this point, don't click the "Yes" answer to the inquiry it asks about wrapping up the process for you (I think it just quits at this point, but I don't know for sure!). Leave Terminal running.
4) Complete Solution 6 from from
http://kb.adobe.com/selfservice/viewContent.do?externalId=kb405970 (just follow the steps for "Max" OS X, they seem to work just fine for Mac OS X as well).
5) In case it makes any difference, I will mention that I rename my Adobe applications and the folders they are installed into. I dislike alphabetically sorting applications by corporation as well as marketing tags. This results in the application barking at you the first time you run it, but then it wises up. Example: My Photoshop application is located at /Applications/Photoshop 11/Photoshop 11.app.
6) Open up Activity Monitor and Console to see if the dreaded FNPLicensingServ launches or SIGSEGV message start pouring in.
7) Launch one of the problematic CS4 applications and cross your fingers.
8) Oh yeah, go back to the Terminal session from step 3 above and control-C terminate the binary, exit and close Terminal.
If this still doesn't work for you, as a variant you may want to try temporarily and manually moving both FlexNet Publisher folders out of their spots (/Library/Preferences/ and /Library/Application Support) and perform the steps above. Reinstalling the licensing engine should re-install all the FlexNet stuff for you, but I wouldn't try that necessarily if you still need to run older pre-CS4 Adobe applications.
Good luck, and definitely let Adobe Technical Support know about your ongoing travails if symptoms persist.