I think it means that you want W3DBSMGR.EXE in the system32 folder? I tried that - no dice. I also copied it to the NEO program folder for a try and that did not work. What happens is this:
If DacEasy is open it gives this error:

I have tried restarting the computer several times which has not helped. It looks like, from the error message, that NEO has located W3DBSMGR.EXE and is trying to use it, but for some reason is coughing on it.
If DacEasy is closed and the W3DBSMGR.EXE process is no longer running, NEO attempts to open, then disappears and never launches.
Am I doing something wrong?