"To send or receive Windows Live Messenger content, you need a newer version of Adobe Flash Player. Once adobe Flash Player has been installed, you may need to exit and restart Windows Live Messenger.
To download and install the most recent version of Adobe Flash Player, click install"
SOLUTION: Feel free to post your solutions, mine is still not fixed.
SOLVED: (Special thanks to ParadoX)
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Hi,
Had the same problem. Go to C:\Windows\System32\Macromed\Flash and launch NPSWF32_FlashUtil.exe. That's it, restart MSN, the problem is gone :)
Cheers,
ParadoX