Let’s install Cubase SX3 on Windows 7 x64 in 10-steps. This process is based on my DAW configuration which had Cubase 6.5 already installed with the latest eLicenser drivers. I didn’t try different processes (which maybe exist) because I didn’t have time neither wish to experiment, but it worked to me and I think it works for anyone else as well. So, here you go:
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Remove Steinberg USB protection key and Uninstall eLicenser from Windows’ control panel.
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Install Cubase SX3 (downloading the installation file ftp://ftp.steinberg.de/Download/Cubase_4/Cubase_SX_3_VST_Song_Conversion/
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After Setup is completed, restart your PC.
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Plug in the USB protection key (drivers will be installed, wait till the process is completed).
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Restart your PC.
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Download the latest eLicenser driver from http://www.elicenser.net and install it.
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Move the VST plugin folder content as in “Program Files (x86) > Vstplugins” in a temporary different location, a different folder on your hard-drive or USB stick. The Vstplugins folder must be empty.
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Run Cubase SX3 (if it says that cannot load plugins xxx, yyy, zzz, etc. just keep clicking OK and go on till SX3 runs).
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In Cubase SX3 click “Devices > Plug-in Information”: (step 1) on VST Plug-ins tab > Shared VST Plug-ins Folders > Remove any folder listed so that just “No Common VST folder” is listed there; (step 2) click Add and select the “Cubase SX 3 > Vstplugins” folder.
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Close and restart Cubase SX 3. You’re done!
Hope it helps. All the best.