I'm using win32 x86 0.12.1 on Vista 32-bit. Over the last few days I've been experiencing several crashes reported as being due to not being able to read from the disk, so I decided to try reindexing.
I tried to run the following command several times:
C:\Program Files\Microsoft SDKs\Windows\v7.0>C:\Windows\System32\cmd.exe /c start "Bitcoin Core" /LOW /MIN "C:\Program Files\Utilities\Bitcoin\bitcoin-qt.exe" -reindex
I repeatedly encountered the following error message in a message box: "Please check that your computer's date and time are correct. If your clock is wrong Bitcoin will not work properly." I tried to click OK but the box wouldn't go away, and the window greyed out. There appeared to be no CPU or disk usage. I terminated the program.
The following command did produce the same messagebox, but proceeded slightly further before popping it up - and more importantly, it actually went away when I clicked OK.
C:\Windows\System32\cmd.exe /c start "Bitcoin Core" /LOW /MIN "C:\Program Files\Utilities\Bitcoin\bitcoin-qt.exe" -alert -reindex -disablewallet