Seems strange that it needs "no-cd"... The game requires online activation, but CD Projekt Red told in an interview tat the game won't need the DVD during game. So if we can gat the Activation / Launcher to work, this should be ok, and we could get easily DLC and Patchs to doanload ad install easily. If you try to run Launcher.exe => It crashes with the answer you told at the beggining of the thread. If you try to run Witcher.exe => It simply refuses to run, asking for activation. If you run Activate.exe => Same answer, asking for activation, that seems a little Weird. Tried to install in windows virtual machine, installation ran fine, i'm currently looking for the registry key / file that seems to be written during activation process.