Hy JaySpike,
Find the attached picture to see how to register your control assuming that the file is present in the given path
regsvr32 "C:\Program Files\Common Files\Microsoft Shared\MODI\11.0\MDIVWCTL.
DLL"
Anyway, It seems like there is a windows xp security update is blocking the Viewer Control, so, find that information in the below mentioned link, the second link describe how to rectify the problem (Only if you have installed the mentioned security update)
1). Problematic security update information -
http://support.microsoft.com/kb/9735072). How to rectify -
http://support.microsoft.com/kb/978153/let us know