DVDSP crashing upon loading

Hi there - I've had this on my mbp for a few years now but only now need to use it.

However it crashes repeatedly almost as soon as I click on the icon. I've twice reinstalled the disc and it still crashes

Does this ring any bells with any of you at all?

Here is the log:
+Process: DVD Studio Pro [6468]+
+Path: /Applications/DVD Studio Pro.app/Contents/MacOS/DVD Studio Pro+
+Identifier: com.apple.dvdstudiopro+
+Version: 4.0.0 (365)+
+Build Info: DSP-3650000~2+
+Code Type: PPC (Translated)+
+Parent Process: launchd [114]+

+Date/Time: 2010-05-25 14:22:06.417 0100
+OS Version: Mac OS X 10.6.3 (10D573)+
+Report Version: 6+

+Interval Since Last Report: 174469 sec+
+Crashes Since Last Report: 7+
+Per-App Crashes Since Last Report: 2+
+Anonymous UUID: 3FD33C4B-FC83-49B6-8CB1-332793FA0E94+

+Exception Type: EXC_CRASH (SIGTRAP)+
+Exception Codes: 0x0000000000000000, 0x0000000000000000+
+Crashed Thread: 0 Dispatch queue: com.apple.main-thread+

+Thread 0 Crashed: Dispatch queue: com.apple.main-thread+
+0 libSystem.B.dylib 0x8023656a _pthreadkill + 10+
+1 libSystem.B.dylib 0x80235e17 pthread_kill + 95+
+2 com.apple.dvdstudiopro 0xb80bfb30 0xb8000000 + 785200+
+3 com.apple.dvdstudiopro 0xb80c0037 0xb8000000 + 786487+
+4 com.apple.dvdstudiopro 0xb80dd8e8 0xb8000000 + 907496+
+5 com.apple.dvdstudiopro 0xb8145397 spin lockwrapper + 1791+
+6 com.apple.dvdstudiopro 0xb801ceb7 0xb8000000 + 118455+

+Thread 1:+
+0 libSystem.B.dylib 0x801402fa mach msgtrap + 10+
+1 libSystem.B.dylib 0x80140a67 mach_msg + 68+
+2 com.apple.dvdstudiopro 0xb819440f CallPPCFunctionAtAddressInt + 206231+
+3 libSystem.B.dylib 0x8016da19 pthreadstart + 345+
+4 libSystem.B.dylib 0x8016d89e thread_start + 34+

+Thread 0 crashed with X86 Thread State (32-bit):+
+eax: 0x00000000 ebx: 0x802f74e0 ecx: 0xb7fff9ac edx: 0x8023656a+
+edi: 0xb8211640 esi: 0x00000005 ebp: 0xb7fff9d8 esp: 0xb7fff9ac+
+ss: 0x0000001f efl: 0x00000286 eip: 0x8023656a cs: 0x00000007+
+ds: 0x0000001f es: 0x0000001f fs: 0x00000000 gs: 0x00000037+
+cr2: 0x80236560+

+Binary Images:+
+0x80000000 - 0x8005bff7 com.apple.framework.IOKit 2.0 (???) <69E4FE93-376C-565E-650F-04FAD213AA24> /System/Library/Frameworks/IOKit.framework/Versions/A/IOKit+
+0x8007a000 - 0x800e4fe7 libstdc++.6.dylib 7.9.0 (compatibility 7.0.0) <411D87F4-B7E1-44EB-F201-F8B4F9227213> /usr/lib/libstdc +.6.dylib
+0x8013f000 - 0x802e4feb libSystem.B.dylib 125.0.1 (compatibility 1.0.0) <06A5336A-A6F6-4E62-F55F-4909A64631C2> /usr/lib/libSystem.B.dylib+
+0x80364000 - 0x804ddffb com.apple.CoreFoundation 6.6.1 (550.19) <1E97FB1E-9E42-B8EB-E463-5C75315FDA31> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation+
+0x805d5000 - 0x805e3fe7 libz.1.dylib 1.2.3 (compatibility 1.0.0) <82B2C254-6F8D-7BEA-4C18-038E90CAE19B> /usr/lib/libz.1.dylib+
+0x805e8000 - 0x805f4ff7 libkxld.dylib ??? (???) <13F26BB6-C2F7-9D74-933E-09AD8B509ECD> /usr/lib/system/libkxld.dylib+
+0x805f8000 - 0x8063eff7 libauto.dylib ??? (???) <85670A64-3B67-8162-D441-D8E0BE15CA94> /usr/lib/libauto.dylib+
+0x8064b000 - 0x807cdfe7 libicucore.A.dylib 40.0.0 (compatibility 1.0.0) <96A45E03-2B29-83EB-0FC6-2C932E398722> /usr/lib/libicucore.A.dylib+
+0x8082f000 - 0x808dcfe7 libobjc.A.dylib 227.0.0 (compatibility 1.0.0) <DF8E4CFA-3719-3415-0BF1-E8C5E561C3B1> /usr/lib/libobjc.A.dylib+
+0x808f0000 - 0x808f3fe7 libmathCommon.A.dylib 315.0.0 (compatibility 1.0.0) <1622A54F-1A98-2CBE-B6A4-2122981A500E> /usr/lib/system/libmathCommon.A.dylib+
+0x8fe00000 - 0x8fe4162b dyld 132.1 (???) <211AF0DD-42D9-79C8-BB6A-1F4BEEF4B4AB> /usr/lib/dyld+
+0xb8000000 - 0xb81defff com.apple.dvdstudiopro 4.0.0 (365) <C6CB6BA8-8BA2-8F0A-4A49-912B00D2FF10> /Applications/DVD Studio Pro.app/Contents/MacOS/DVD Studio Pro+
+0xffff0000 - 0xffff1fff libSystem.B.dylib ??? (???) <06A5336A-A6F6-4E62-F55F-4909A64631C2> /usr/lib/libSystem.B.dylib+

+Translated Code Information:+
+objc[6468]: garbage collection is ON+
+NO CRASH REPORT+
+Model: MacBookPro3,1, BootROM MBP31.0070.B07, 2 processors, Intel Core 2 Duo, 2.4 GHz, 4 GB, SMC 1.18f5+
+Graphics: NVIDIA GeForce 8600M GT, GeForce 8600M GT, PCIe, 256 MB+
+Memory Module: global_name+
+AirPort: spairport wireless_card_type_airportextreme (0x168C, 0x87), Atheros 5416: 2.0.19.10+
+Bluetooth: Version 2.3.1f4, 2 service, 19 devices, 1 incoming serial ports+
+Network Service: AirPort, AirPort, en1+
+PCI Card: pci168c,24, sppci_othernetwork, PCI Slot 5+
+Serial ATA Device: FUJITSU MHX2250BT, 232.89 GB+
+Parallel ATA Device: MATSHITADVD-R UJ-85J, 6.94 GB+
+USB Device: iPhone, 0x05ac (Apple Inc.), 0x1292, 0xfd100000+
+USB Device: Built-in iSight, 0x05ac (Apple Inc.), 0x8502, 0xfd400000+
+USB Device: Iomega, 0x059b (Iomega Corporation), 0x0370, 0xfa400000+
+USB Device: Iomega HDD, 0x059b (Iomega Corporation), 0x0571, 0xfa200000+
+USB Device: Apple Internal Keyboard / Trackpad, 0x05ac (Apple Inc.), 0x021b, 0x5d200000+
+USB Device: IR Receiver, 0x05ac (Apple Inc.), 0x8242, 0x5d100000+
+USB Device: Bluetooth USB Host Controller, 0x05ac (Apple Inc.), 0x8205, 0x1a100000+
+FireWire Device: LaCie DVD MULTI Drive, LaCie Group SA, Up to 400 Mb/sec+