Why do I get an error - 'DTS Wizard Error - CoCreateInstance Class not Registered'?

A. You will only get this with SQL 7 because it only happens with parallel queries. It means that one thread of the query is is waiting for a message packet from another, and the one it is waiting on is either blocked by a traditional cause or has hit some sort of parallelism bug.

If the query doesn't complete then make sure SP1 is applied as there are several parallel query fixes in SP1. If it still doesn't fix it then you have run into an unfixed bug and will need to contact MS PSS and raise a bug report. You should be able to work-around the problemby adding MAXDOP(1) to the query which will prevent the query being parallelised.