No, not at all complicated... This is nuts, this is what fixed it, check it out:
navigate to ~/Library/Application Support and rename the Adobe folder to OldAdobe
then navigate to ~/Library/Preferences and rename the Adobe folder to OldAdobe
then go to Documents and rename the Adobe folder to OldAdobe
This seems to force the system to recreate these directories and then... it works! Who the hell knows why.
Support says this has already been passed onto the development team.