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CCS4 does not respond at startup

Other Parts Discussed in Thread: CCSTUDIO

Hello,
My CCS4 (4.2.4.00033) doesn't respond at start-up. I have not changed any configuration w.r.t. CCS4. It was working all these days and suddenly stopped responding from yesterday. I tried searching in the forum but found no such problem.
description: after CCS4 is started, it should show licensed (I have a valid free license) and the project in the workspace should be shown [Active - Debug]. But this shows neither of them. Upon closing CCS4, it shows

"User Operation is waiting for background work to complete"
On clicking the red button, it shows
"an error has occurred. see log file for more details"

However, most of the times log file is not generated in this case.
I have attached a comparison of the metadata folder of an old working workspace and current workspace. I am not sure if that helps.

please help me to solve this strange issue!
--
Vishwanatha