A Subscription customer reported getting this error during the Softimage 2010 SP1 install. I also saw this reported on the AREA for ModTool. However, these are the only two reports of this error that I have ever seen.
Error Number: 0x80040707
Description: DLL function call crashed: gdi32.DescribePixelFormat
Setup will now terminate.
The customer worked around the error by installing in Safe mode, but later had problems loading his C# plugins. So we tried a silent install of Softimage 2010 SP1, and that seemed to do the trick.