Hi,
I have exactly the same problem. I just tried IDE 1.0 and it's working great. When I'm trying to run 1.0.1 after couple of seconds I'm getting this:
Launch4j
An error occurred while starting the application.
I've run "arduino.exe --l4j-debug" command, and the results are (seem to be fine):
CmdLine: D:\arduino-1.0.1\arduino.exe --l4j-debug
WOW64: yes
Working dir: D:\arduino-1.0.1\.
Bundled JRE: java
Check launcher: D:\arduino-1.0.1\java\bin\javaw.exe (OK)
Add classpath: lib\pde.jar
Add classpath: lib\core.jar
Add classpath: lib\jna.jar
Add classpath: lib\ecj.jar
Add classpath: lib\RXTXcomm.jar
Launcher: D:\arduino-1.0.1\java\bin\javaw.exe
Launcher args: -Xms128m -Xmx128m -classpath "lib;D:\arduino-1.0.1\java\lib\tools.jar;lib\pde.jar;lib\core.jar;lib\jna.jar;lib\ecj.jar;lib\RXTXcomm.jar" processing.app.Base
Args length: 156/32768 chars
IDE 1.0 works great from "D:\arduino-1.0"
Edit: Windows 7 Ultimate x64
I just tried to run 1.0.1 on second machine (but still Windows 7 x64) but I'm having the same error