Thanks for the feedback!!
I have tried what you suggested - success with me!
Switching the service off I can both use limewire full bars and the internet works as well. Tried couple of times also with reboot inbetween no probs.
When I switch the service back on while limewire and ie are still running I can continue use both! So I have a temporary fix now...! Thank you BasRuiter!
Pls let me know if I can assist with more testing... ;-)