I am having the same problem. Trying to record audio cassette. I hope they come up with a solution soon.
I have split this to a new topic because we do not know if you have the same cause or even what version of Windows you are using.
Have you tried downloading and installing the appropriate 32-bit or 64-bit Microsoft “Redistributable Package” as follows: http://manual.audacityteam.org/o/man/faq_installation_and_plug_ins.html#probs ?
If not, please try that.
If it doesn’t help, please tell us what version of Windows you are using (for example, Windows XP) and if you see an error message when you try to launch Audacity, please tell us exactly what it says.
I am using the latest version of Microsoft 7 Home Addition. I originally installed Audacity from the cd supplied with the cassette tape player I purchased about 4 weeks ago. I did the install you suggested and now see a different opening screen. I will now begin reading the manual to get familiar with what looks like a new version.
Sometimes the Audacity version on the CD can be out-of-date. You can get the latest Audacity 2.0.3 here http://audacityteam.org/download/windows .
If Audacity is launching properly, it comes up on top with a window with large buttons top left and then empty space where the audio tracks go. If this happens, then you can choose Help Menu (at the top right) then “About Audacity” to see if you already have the latest 2.0.3.