I had to keep pausing and replaying to keep up with the steps but these directions worked perfectly and Photoshop is opening without the error message. Thank You!
It does not "fix" the problem, it merely stops the FaceExpressionPreset.psp from being applied. The file is still corrupted. Photoshop did not rebuild the file at least not on Release 25.0.0 Windows 10 current, as some have reported