No, but there could be a problem in the Registry.
You need to find the USB VendorID, ProductID, Vid and Pid of that device, use the checkudisk linked to here:http://www.911cd.net/forums//index.php?showtopic=15776
Then open Registry and navigate to key:
You will find an entry for each USB stick ever connected to your machine.
Delete all occurencies of the VendorID & ProductID matching the data you found, check also in
for corresponding Pid & Vid and in other Controlsets.
(OF COURSE, BACKUP the Registry before)