That seems to be a very common occurrence with high-speed USB 2.0 devices. I have a Dell 1901FP LCD monitor with integrated USB 2.0 hub, and the same error message usually appears when I turn on the monitor -- despite being connected to a USB 2.0 port on my ASUS P4P800 motherboard. Occasionally it'll work correctly and not display the error message.
Others have stated that you can often avoid this error message by plugging in the device slowly. If true, this seems like a rather serious design shortcoming with the high-speed USB 2.0 standard.
Also... not all K7S5A boards support USB 2.0. The older ones usually don't, but the newer K7S5A 'Pro' boards usually (always?) do.