Haven't had it myself, but I suspect it means that you've got a corrupted VBP file. You can fix this by creating a new, empty project and then Adding the existing forms, modules and classes from the corrupt project.
Had a similar problem myself some time back. VB fired up OK but when ever I tried to open any projects it simply went away. No errors, excuses or anything, just went away - poof it was no more, an ex app, it was deceased, it ceased to be.
Yes, if it's happening with multiple projects rather than just one (the latter being what I originally assumed), I'd go with the suggestions made above about doing a full reinstall.
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