PROBLEM Error message:

[OLE/DB provider returned message: [Microsoft][ODBC Text Driver] System resource exceeded.]
OLE DB error trace [OLE/DB Provider 'MSDASQL' IDBInitialize::Initialize returned 0x80004005:   ]

SOLUTION:

I got this error running an import of a text file using a bcp format file and BULK INSERT. The solution was to use a different server. I'd run the command on a SQL Server 2000, Windows 2000 server. I seem to remember something about an issue about some DLL mismatch with the OS or another server. Or maybe even after we installed SSMS for SQL 2005.

Trying the same command on a Windows Server 2003 with the SQL 2000 instance (SQL 2005 instance was also on that server) worked like a charm.

SELECT 
*
FROM   OPENROWSET('MSDASQL',  
'Driver={Microsoft Text Driver (*.txt; *.csv)};DefaultDir=E:\Data\;', 
'SELECT * FROM [ImportFile#txt];'
)