Indeed looks like something is wrong with your drivers. Make sure you have the latest and correct drivers for your windows version. Before executing, right click and try run as administrator.
Here is how the device managers looks on my side:
Maybe virusscanner needs deactivation? Try another USB port?
<…>
Hope you get it running mate!Scub
I got in touch with Saitek support. They told me to uninstall the drivers and software and reinstall everything with Windows Update disabled. This seems to have worked. It appears that there’s a clash between the Microsoft drivers and the drivers supplied by Saitek. Apparently, turning off Windows Updates stops Windows from pulling in a Microsoft driver. Now the BMS profile is working correctly.
Thank you for your help, and for sharing the great profile
Rob