Windows Live Messenger Error Code 8004882E

Error Codes
Like many applications, Windows Live Messenger often reports errors using cryptic number references. 'Error code 8004882E' is one of those mysterious errors and this reference does not give the average user much insight into what caused the problem or how to fix it.
Explanation
Error code 8004882E is reported when a user attempts to sign into the Windows Live Messenger service with an incorrect password. This error is commonly encountered when a user forgets their login credentials such as a user name or password. Some Windows XP users who employ fingerprint readers may also encounter this error and it usually indicates the device being used is not supported.
Solution
Try to retrieve your password by answering the secret question asked at login. If you provided an alternate email for resolving login failures, Microsoft will attempt to validate your identity by sending the lost information to the alternate email address. It might also help to download an updated version of the Live Messenger program if you're absolutely certain the password you are entering is correct. If you are using a fingerprint reader on Windows XP machine, try logging in manually rather than using the device.