JOSM will not start. Gets stuck creating main GUI.

[worldwidewolford]

What steps will reproduce the problem?

1. Trying to start JOSM

What is the expected result?

What happens instead?
The program will not start and it tells me there is an unexpected error

Please provide any additional information below. Attach a screenshot if
possible.
I tried uninstalling and re-installing.

Repository Root: http://josm.openstreetmap.de/svn
Build-Date: 2011-12-19 02:32:42
Last Changed Author: Don-vip
Revision: 4667
Repository UUID: 0c6e7542-c601-0410-84e7-c038aed88b3b
URL: http://josm.openstreetmap.de/svn/trunk
Last Changed Date: 2011-12-19 00:02:30 +0100 (Mon, 19 Dec 2011)
Last Changed Rev: 4667

Identification: JOSM/1.5 (4667 en)
Memory Usage: 29 MB / 494 MB (12 MB allocated, but free)
Java version: 1.6.0_29, Sun Microsystems Inc., Java HotSpot(TM) Client VM
Operating system: Windows 7

Plugin: DirectDownload
Plugin: DirectUpload
Plugin: buildings_tools
Plugin: openstreetbugs
Plugin: restart
Plugin: tagging-preset-tester
Plugin: turnrestrictions
Plugin: walkingpapers

java.lang.RuntimeException: org.xml.sax.SAXParseException: The element type "label" must be terminated by the matching end-tag "</label>".
	at org.openstreetmap.josm.tools.XmlObjectParser.start(XmlObjectParser.java:296)
	at org.openstreetmap.josm.tools.XmlObjectParser.start(XmlObjectParser.java:303)
	at org.openstreetmap.josm.gui.tagging.TaggingPreset.readAll(TaggingPreset.java:1135)
	at org.openstreetmap.josm.gui.tagging.TaggingPreset.readAll(TaggingPreset.java:1200)
	at org.openstreetmap.josm.gui.tagging.TaggingPreset.readAll(TaggingPreset.java:1214)
	at org.openstreetmap.josm.gui.tagging.TaggingPreset.readFromPreferences(TaggingPreset.java:1250)
	at org.openstreetmap.josm.gui.preferences.TaggingPresetPreference.initialize(TaggingPresetPreference.java:253)
	at org.openstreetmap.josm.Main.<init>(Main.java:250)
	at org.open

[jttt]

Already fixed in r4726. Some of your tagging presets is broken, you can either remove the offending preset from preferences or upgrade to newer josm were is this only a warning.