I just tried it in XP, and like I intended it fails gracefully and doesn't crash. You get a nice message saying thumbnails aren't supported.
It's always a bit of a gamble with something like that because I hadn't actually tested it. Just a while ago I released a program which used some customized drawing code to fix the border of the RichTextBox (the RTB control doesn't have a proper theme border), but I discovered that I had broken it if themes were disabled (or if you used something older than XP). That was not one of my greater moments.
