The Code61 is a very nice looking controller. It is more appealing now that it comes with VIP 3 for free. Probably a Code 88 will never happen. Still, I want to try out VIP 3. I might as well get a $99 controller and get the software for free.
Some plug-ins do act funny. You might try to start your DAW or host in administrator mode. The fact that even the standalone version doesn't start makes me think that it might indeed have something to do with the Administrator privilege. The second thing that I am suspecting is if the VST dll and other related files are in the same folder. It happened to me with Mixcraft Pro Pianissimo. I moved the Pianissimo dll file, but it was not firing up, and then I noticed that there are other related files. I moved them all and put them in the same folder. Then it worked.
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"You Shall Know the Truth, and the Truth will set you free." John 8:32