I recently installed Adobe Acrobat Professional 8, and then after I started Adobe Photoshop CS3 I would get the error “Could not complete your request because something prevented the text engine from being initialized” whenever I tried to place text on an image.
My solution was to go into the fonts folder (start > control panel > fonts) and then right click next to, but not on, any font icon. I then selected “install new fonts.” You then select “all fonts.” Then within that interface navigate to c:\Windows\Fonts. Wait several seconds for the fonts to load and then select all, then click install. You will have to verify you want to overwrite the fonts for each font you are reinstalling. Sometimes the reinstall may crash, and you’ll have to start over again. Try to keep track of which font was being reinstalled so you won’t have to restart each time it crashes.
This worked for me on system running Windows Vista Home Premium and using Adobe CS3 web premium.
I hope this works as other ideas people had such as removing the corrupted fonts, or uninstalling the offending program, did not work for me.