I have the same problem
Win XP SP3
Speccy ver 1.08.218
CPU
RAM
Motherboard
Hard Drives
For all the above:
cannot initialize CPU DLL
Running speccy.exe /debug
[2011-02-03 11:28:28] [iNFO ] CPU SDK at: H:\DOCUME~1\Massimo\LOCALS~1\Temp speccycpuid.dll
[2011-02-03 11:28:30] [iNFO ] CPU dll init failed