I have installed Java and then installed the Wowza server from the standalone installer downloaded from http://www.wowza.com/media-server/developers#wowza-ide. I get the following error when I try to launch wowza IDE 2: (I have a Windows 7 64 bit OS)

JVM terminated. Exit Code=-1
-Djava.class.path=....\Wowza IDE 2\plugins\org.eclipse.equinox.launcher_1.0.201.R35 x_v20090715.jar
-os win32
-ws win32
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PS If you need more details about what was displayed I could post the screenshot if you give me your mail id.