I too have a PC running XP pro, and run Melodyne Editor without issues.
I used to run it on my laptop with Vista and a duo core processor..... that one took longer to process the track audio..... but it has worked flawlessly on that lappy with MC4,5, & 6 and now with Sonar X1e
if it's not running properly, you might want to contact their tech support to see why not. You are clicking on the button to start the capture ...correct? Then you hit play and let it enroll the track audio.