Ok Teemeah,
I did some more digging around on the net. (Googled
Messenger Error 80070005) Most of what I find say to uninstall all traces of Windows Live Messenger and download the latest version.
http://www.vistax64.com/windows-live/92348-windows-live-beta-2-suite-downloads.html
Right click on the downloaded latest version installation file and click
Run as administrator. They say it worked after that.
Hope it works for you,
Shawn