I encountered the same problem yesterday. I had been working without problems on a Cubase Studio 4 project with a single virus VST channel. When I deleted some other tracks and saved the project to another folder, and opened that project next time around, it was then that Virus Control failed to load up. In older projects, however, VC worked fine.
Neither arp edit reboot nor reinstalling the driver seemed to make any difference by themselves. What worked was then to remove the Virus track from my newly saved project, and then add a new Virus track.
Puzzling...
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