Sure, you can PM it to me, just click the PM button under my name and attach it to that message. The problem is most likely that VE wants to upgrade EMF/GEF in order for VE 1.2.1 to work, but that would cause MyEclipse to potentially die as those libraries are dependencies of MyEclipse, and if they are upgraded out from under ME’s feet, it could stop working with compatability problems.
Unfortunately there is still the issue of “dll hell” in the Eclipse world when it comes to things like this.