1; Uninstall all previous cs3/4 photoshop apps.

2; Turn off internet

3; Replace your hosts file with the one in this folder
or open your hosts file with notepad and change it
to look like this;
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#

Copyright (c) 1993-2009 Microsoft Corp.

This is a sample HOSTS file used by Microsoft TCP/IP for Windows.
This file contains the mappings of IP addresses to host names. Each
entry should be kept on an individual line. The IP address should
be placed in the first column followed by the corresponding host name.
The IP address and the host name should be separated by at least one
space.
Additionally, comments (such as these) may be inserted on individual
lines or following the machine name denoted by a '#' symbol.
For example:
102.54.94.97
38.25.63.10

rhino.acme.com
x.acme.com

# localhost name resolution is handled

#
127.0.0.1
localhost
#
::1
localhost
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1
127.0.0.1

# source server
# x client host
within DNS itself.
activate.adobe.com
practivate.adobe.com
ereg.adobe.com
activate.wip3.adobe.com
wip3.adobe.com
3dns-3.adobe.com
3dns-2.adobe.com
adobe-dns.adobe.com
adobe-dns-2.adobe.com
adobe-dns-3.adobe.com
ereg.wip3.adobe.com
activate-sea.adobe.com
wwis-dubc1-vip60.adobe.com
activate-sjc0.adobe.com
adobe.activate.com
adobeereg.com
www.adobeereg.com
wwis-dubc1-vip60.adobe.com
125.252.224.90
125.252.224.91
hl2rcv.adobe.com

hosts file is at;

C:\Windows\System32\drivers\etc
4; Restart and make sure hosts entries are saved (open it with notepad and look)
.
5; Install photoshop CS5 using serials;

1325-1558-5864-4422-1094-1126
6; Copy the dll file from this folder and replace each of the amtlib.dll
files in c:programe files adobe