In TouchLauncher v.1.4 (and possibly older versions) there has been identified a bug by numerous users:
"Error 10: Subscript out of bounds" when editing a Web Link icon.
I am informed and will try to manage an update late 2008, early 2009. Sorry for the inconvenience!
If you experienced "Error 32: Uninitialized bitmap" while using TouchLauncher with TouchBook contact links, this update is supposed to address the issue. Make sure to install both the new TouchLauncher and TouchBook.