If I try to run Delphi 7, I get this frightening message:
Borland license information was found, but it is not valid for Delphi. You cannot run Delphi without this information. Click the exit button to exit Delphi.
Delphi was running fine this morning, but choked when I tried to load the project I'm working on.
I don't know why.
According to the archives of Chillibear, here is what you do: