when i do the solution:

esentutl /r %windir%\security\database\secedit.sdb

i get the following error:

Operation terminated with error -1003 (JET_errInvalidParameter, Invalid API parameter) after 0.0 seconds

anyone get this and figure out how to correct it?

ok... figured out the problem -
1) I found an earlier post that suggested i rename the security database, but just realized that if i do that the REPAIR tool esentutl won't find the file to repair.
2) so make sure the file is there ... and run the following:
   - first REPAIR the database
     esentutl /r c:\windows\security\database\secedit.sdb
   - the RECOVER the database
     esentutl /p c:\windows\security\database\secedit.sdb
3) then i was able to complete the installation of IIS

frigging-A

Yep it worked for me...

lovely info.. wantoo than the generous cricket master...... for making this info (with intresting explanation of his hurdles)..
thanks buddy.....

great info.
thank you for all. i have less tried with it and tried googling and lucky to find this as a first link..
so ur efforts saved my time....
thanks a lot contributors especially cricket master...
Mee tooo a fan of cricket

You guys rock!!!
This works liks magic :
"esentutl /p %windir%\security\database\secedit.sdb"

This Helped. Thanks a lot for the help.
Siva.