Googling led me to this page where the author had the same problem, and they found a solution in Safari Bookmarks Extractor. I can't test that it still works with version changes in both, but it probably does. Once you have your extracted bookmarks, you just use Manage Bookmarks -> File -> Import -> From File.
This looks like your problem: http://www.mcse.ms/printthread.php?threadid=1119519 Re: XP Home Activation issue James; Reboot to Safe Mode: Reboot tapping F8 each second. Select Safe Mode at the menu Start/Run Type "regsvr32.exe regwizc.