This error is described in the following SAP Note: http://service.sap.com/sap/support/notes/2117967
This error happens if the system runs out of resources (Too many threads created).
Microsoft has an official support ticket on it: http://answers.microsoft.com/en-us/windows/forum/windows_7-system/no-more-threads/bfd50227-6238-4a42-ab2f-abeee1964bd8
"This error message indicates that too many threads or processes are running. Hence we need to free some threads or processes. Hence do not run many applications at a given time. "
So upgrading the machine's hardware normally solves this or alternatively not starting too many programs at once.