Trend Officescan detects a trojan in deldrv.exe which is contained in data1.cab. I'm pretty sure that is being misreported as a virus.
Easiest resolution is to download Version 4.0.
Otherwise, disable your virus scanner, extract and install the software. Then replace C:\Program Files\MP3 Player Utilities 3.xx\DelDrv.exe with an empty text file before enabling your virus scanner. It isn't a critical file.