public static bool registryValueExists(string hive_HKLM_or_HKCU, string registryRoot, string valueName)
{
    RegistryKey root;
    switch (hive_HKLM_or_HKCU.ToUpper())
    {
        case "HKLM":
            root = Registry.LocalMachine.OpenSubKey(registryRoot, false);
            break;
        case "HKCU":
            root = Registry.CurrentUser.OpenSubKey(registryRoot, false);
            break;
        default:
            throw new System.InvalidOperationException("parameter registryRoot must be either \"HKLM\" or \"HKCU\"");
    }

    return root.GetValue(valueName) != null;
}