Hey Guys, I'll take you down the road I've been traveling on for the past few hours.
- Installed CS5.5, everything runs smoothly for the first hour, then I close After Effects,
- Open it back up again, and receive the "Quicktime in not Installed, some plugin's will not work" So I research that fully, realize it isn't actually a problem and stop thinking about it. I also get an Output Module Error on Startup.
- I gather some clips together 1920x1080 23.976, normal 60D footage that I was testing to see stabilized, since it worked very well on my 7D footage (But I doubt its the footage that is causing the problem.
- When I drag, or go into effects and add Warp Stabilization to the clip, I get this error:
"After Effects error: Could not launch Adobe Stabilization Server. (514) ( 25 :: 101 )"
- And nothing will happen, can't analyze the footage or the error will pop up again.
My Mac:
MacbookPro 17inch
2.2Ghz Intel i7
4GB memory
Running it off of my 1tb 7200rpm external hard drive.
My Firewall is off (turned it off to test one of the Quicktime error solutions, I've had it both on and off, and both problems stay the same)
So throw me any bits of info, I know this has been out for exactly a day, but this sucks. I'm just glad that I'm testing it now, and not later 
Thanks guys,
Zac