I realize this is a rather late post but still a possible solution for the OP. I use IE9 on Win 7 and have been having Adobe Reader's grey screen issues for several months when trying to open pdf bank and credit card statements online. I could open everything in Firefox or Opera but not IE. I finally tried PDF-Viewer, set it as the default pdf viewer in its preferences and no more problems. I'm sure there are other free viewers out there, like Foxit, PDF-Xchange, etc., that will give better results than Reader with less headaches. Adobe is like some of the other big companies that develop software on a take it or leave it basis ... so I left it.