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Event ID: 4 Source: SRMSVC

File Server Resource Manager Service information: The COM Server with CLSID {efbdb74f-5b0d-4ad8-9aaf-aae0c8840a30} and name 'SrmReportManager' cannot be started.

Error: <error code>.
I had this, and it did turn out that .NET 2.0 was broken, but my fix didn't work as planned. I ended up with a "Error 1324. The folder 'Program Files' contains an invalid character". ME923101 describes how to properly install a security update for the .NET Framework 2.0.
This problem occurs because the Microsoft .NET Framework 2.0 component is corrupted. See ME949920 for information on solving this problem.

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