I found the issue causing the problems with some peoples installs. If you had 1.0.7 installed and NEVER uninstalled it. PLEASE go uninstall it in control panel / Programs and Features. The installer that VD was using was install shield and that (piece of junk) has some residual registry entries and files that if you dont uninstall it wont let the new version run.
So if you are getting any issues with the new version not being able to run. I have replicated the issue several times by installing 1.0.7 then 1.0.8 and installing 1.1.0 on top of them. You HAVE to uninstall the old version first.