I tried performing a Reinstall and also an Uninstall then Install from within CC. I tried to uninstall and reinstall SONAR also.
For the SONAR reinstall, I had cleaned some registry settings based on some information that I found in the KB. I can't say as there were any specific keys for Rapture that I deleted though. Would have to go back and reread that article.
I do not know how to run Rapture in stand alone mode. CC says "This product cannot be launched directly". Is there a way to start it independent of SONAR?