Excel 2000: An Error Occured Initializing the VBA Libraries (2)

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Very odd one this and am not holding out much hope, but then you never know.

We have a massive spreadsheet we use that was fine until a user tried to get into it last night and received the following error:
An Error Occured Initializing the VBA Libraries (2)

Now we cannot access the file at all, I have managed to restore the previous nights backup, but they have lost a ton of work that was put into it yesterday.

The file size has also changed from 3Mb to 512Kb, which is very odd.

As I said, I am not hopeful on this one, but if someone can help it would be greatly appreciated.
 
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