WebControl Not Working after IE7 Upgrade

Has anyone else experienced the WebControl Panels not working after an upgrade to IE7? When the actual window pops up for a panel you get a red X and the following error:

Line: 72
Char: 4
Error: Object doesn't support this property or method

Also, Firefox does not work either. I have tried both with the latest Applet runtime (v.6.1) and with a downgraded 1.4.2 runtime (as I read that might help).

Thanks for any insight.

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