did u try running the fixit.bat file ?also the Verify button on your launcher?
seems like the file ieframe.dll is not your problem.the problem is that elementclinet.exe is corrupt somehow,if u still got the zip file that u extracted from it the game.try to copy elementclinet.exe to the folder of the game and into the element folder...if still doesnt work,maybe there is a need that someone will upload their elementclinet.exe file to mediafire for example and replacing that file with what u got may solve the problem unless he will ask for another missing file and then u would tell us about this..i would upload my elementclinet.ext if no one would do that...i would sent this in private message to u when i get home...
this error might indicate on ur graphic card,try to update it...try this:start==>Run==>cmd==>chkdsk /F ==>Ythis will check for corrupted files recover and fix them whatever u need...after u do this restart the computer...
Check those solutions, first result in Google: http://pcsupport.about.com/od/findbyerrormessage/a/ieframedll.htmAlso here someone had similar problem with different app: http://answers.microsoft.com/en-us/ie/forum/ie9-windows_vista/dscexe-bad-image-error-system32ieframedll/2cc4e6f8-e868-e011-8dfc-68b599b31bf5
do u have framework installed ?
try to download http://www.piriform.com/ccleaner/download/standardand run it on run cleaner and registry--> fix selected issues...did u try to click on run and type cmd and then type sfc /scannow ?