PS I did read something about deleting the dababase files on /drive0(1)/var/ but I am not sure what exactly whould this accomplish.

This is not the problem you're having (your database is not corrupted), but doing it might force the player to forget the current song, not sure.

Click here to see the player command-line arguments. If you are able to ctrl-C from the shell prompt before the player locks up, then you will be able to start the player software without that song loaded.

However, I still stand by my original suggestion: Install 2.0 beta 11 and see if that solves the problem. This is actually kind of important because 2.0b11 is supposed to handle bad files better than 1.03 did. If 2.0 cannot handle the bad file, we should send a copy of the file to the Empeg guys so that they can figure out why their decoder engine chokes on it. It shouldn't lock up the whole player, it should just complain about the file and move on to the next one.
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Tony Fabris