I'm having the same problem others are having.  I have a valid product key for Vision 2010, but it isn't recognized as valid from the application.

I downloaded the 64 bit version from:
http://www.microsoft.com/downloads/en/confirmation.aspx?familyId=90573fc9-25ab-42bb-a922-c2aca21ac094&displayLang=en 

• Moved by Siddharth Chavan Wednesday, April 28, 2010 10:55 AM Forum Consolidation (From:Microsoft Office 2010 Volume Activation (to be retired))

Hi, could you please copy and paste the output from these instructions?  Please use the Visio key from this page:

http://www.microsoft.com/office/2010/en/activation.aspx

 Open an elevated command prompt

a.       Note the long dash may have to be changed to a short dash

b.      The path below is the default install path, so it may be different if you've customized your install

c.       If you’re using 32b Office on a 64b OS, you may need to run it from the “Program Files (x86)” folder

d.      Start, search for ‘cmd’, right click on the command prompt window and select “Run as administrator”

e.      cscript "%ProgramFiles%\Microsoft Office\Office14\ospp.vbs" -dstatus

2)      Enter the MAK key

a.       cscript "%ProgramFiles%\Microsoft Office\Office14\ospp.vbs" -inpkey:<MAK key>

b.      Include the dashes in the product key

3)      Trigger activation

a.       Launching an Office application will then prompt you for activation via the UI.  Alternatively you can trigger it using this command:

b.      cscript "%ProgramFiles%\Microsoft Office\Office14\ospp.vbs" -act

4)      Check the status

a.       The following command will show the licensing status.  Alternatively in the Office UI you can view the status by clicking File, Help.

b.      cscript "%ProgramFiles%\Microsoft Office\Office14\ospp.vbs" -dstatus

That person seems to have abandoned the question. I've the same problem. I've followed your steps and here is the result.

C:\Windows\system32>cscript "%ProgramFiles%\Microsoft Office\Office14\ospp.vbs"
/act
Microsoft (R) Windows Script Host Version 5.8
Copyright (C) Microsoft Corporation. All rights reserved.

---Processing--------------------------
---------------------------------------
Installed product key detected - attempting to activate the following product:
SKU ID: blahvlahglvalhla-efsefwaf-esae-aefsef-szn43teg5a2w43
LICENSE NAME: Office 14, OfficeVisioPrem-Trial edition
LICENSE DESCRIPTION: Office 14, TIMEBASED_EVAL channel
Last 5 characters of installed product key: BLAHH
ERROR CODE: 0xC004C032
ERROR DESCRIPTION: The activation server reported that new time based activation
 not available.
---------------------------------------
---------------------------------------
---Exiting-----------------------------

That person seems to have abandoned the question. I've the same problem. I've followed your steps and here is the result.

C:\Windows\system32>cscript "%ProgramFiles%\Microsoft Office\Office14\ospp.vbs"
/act

Installed product key detected - attempting to activate the following product:
-----------------------
LICENSE NAME: Office 14, OfficeVisioPrem-Trial edition
LICENSE DESCRIPTION: Office 14, TIMEBASED_EVAL channel
----------------------------
ERROR CODE: 0xC004C032
ERROR DESCRIPTION: The activation server reported that new time based activation
 not available.

Hi, this shows the evaluation/trial is installed.
Are you trying to activate the trial, or convert the trial to a fully licensed installation?
Have you previously installed a trial edi

I am trying to activate a copy of Visio 2010 as I had to reinstall after my laptop crashed. The Visio licence belongs to my employer and my laptop is my work laptop. I have followed the instructions above but get the following when trying to activate:

C:\WINDOWS\system32>cscript "c:\Program Files (x86)\Microsoft Office\Office14\OS
PP.VBS" /act
Microsoft (R) Windows Script Host Version 5.8
Copyright (C) Microsoft Corporation. All rights reserved.

---Processing--------------------------
---------------------------------------
Installed product key detected - attempting to activate the following product:
SKU ID: 7616c283-5c5b-4054-b52c-902f03e4dcdf
LICENSE NAME: Office 14, OfficeVisioPrem-Trial edition
LICENSE DESCRIPTION: Office 14, TIMEBASED_EVAL channel
Last 5 characters of installed product key: JBFF7
ERROR CODE: 0xC004C032
ERROR DESCRIPTION: The activation server reported that new time based activation
 not available.
---------------------------------------
---------------------------------------
---Exiting-----------------------------

Regards
Anthony

• Edited by Anthony Hobart 7 hours 5 minutes ago

I am trying to activate a copy of Visio 2010 as I had to reinstall after my laptop crashed. The Visio licence belongs to my employer and my laptop is my work laptop. I have followed the instructions above but get the following when trying to activate:

C:\WINDOWS\system32>cscript "c:\Program Files (x86)\Microsoft Office\Office14\OS
PP.VBS" /act
Microsoft (R) Windows Script Host Version 5.8
Copyright (C) Microsoft Corporation. All rights reserved.

---Processing--------------------------
---------------------------------------
Installed product key detected - attempting to activate the following product:
SKU ID: 7616c283-5c5b-4054-b52c-902f03e4dcdf
LICENSE NAME: Office 14, OfficeVisioPrem-Trial edition
LICENSE DESCRIPTION: Office 14, TIMEBASED_EVAL channel
Last 5 characters of installed product key: JBFF7
ERROR CODE: 0xC004C032
ERROR DESCRIPTION: The activation server reported that new time based activation
 not available.
---------------------------------------
---------------------------------------
---Exiting-----------------------------

Regards
Anthony

• Edited by Anthony Hobart Thursday, June 18, 2015 12:27 AM

Hi Don

I have a valid key. This software with this key was working fine before I had to rebuild my laptop. Am definitely not using a trial version even though it is reported as such. I enter the key when installing the software and it is successfully recognised as a valid key. I can provide the key if required.

Regards

Anthony