As I suspected. You can most likely solve this problem by re-installing the game not in Program Files (x86).
Your system is unusual though, in that your Program Files is on the F: drive, rather than the regular C: drive.
EDIT: But there is also newer version of JSGME than that you are using (probably came with GWX3):
http://www.subsim.com/radioroom/down...o=file&id=3559 (link fixed)