I downloaded the game from here:
http://www.legendsworld.net/site/downlo ... irror=6128
When I ran unpack.bat, it told me it was a success, so I assume there was no issue with the download.
I created a windows XP VM, installed Daemon tools on it, transferred the 3 extracted files to the VM (STATUETTE.ccd, STATUETTE.img, STATUETTE.sub), and mounted STATUETTE.ccd with daemon tools.
The installation went fine. Now when I want to run the game, it asks me to enter the product key, so I used the one provided with the download: LZ2A4V-UHSFLR-EBZETP-PBMWB2.
Yet, the protection system claims this is not the correct key for this disc. Try it yourself if you want, or I can include a screenshot for a proof, but that's what happened on my end

Was there a typo while copying the key, or is there a way around this?
Thanks

EDIT; If you manage to get a successful installation, can you post the values you have in HKCU/Software/EMME/Keys from regedit, since they're definitely activation-related?