Maybe the SHmedia library got unregistered (but I doubt that the cause is BSplayer, but can't confirm since I already unregistered it myself)
Anyway you can try to re-register that library and see if it works:
Click on START -> Run... -> then type "regsvr32 shmedia.dll" without quotation marks and press OK
Probably this method will work only for Windows XP systems and after that you'll have to restart your system.
If the problem started when you installed BSplayer maybe it's related to FFDShow filter, I read there's an option to enable disable videos thumbnails in FFDShow, but never used/seen that option before
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