Found the below on the net where some say it worked for them but not for others.
Fix MSN messenger login error 800B0001 or 81000306
Solutions to fix it;
start/run type or copy and paste: hit enter after entering each line
regsvr32 Softpub.dll
regsvr32 Mssip32.dll
regsvr32 Initpki.dll (this one took about 30 sec to be complete.)
Fix MessengerSome of the comments at the link are a bit of a laugh.
If still no joy you could try rolling back the netgear driver.
How to roll back a driver.