Hi Tim,
It looks like one of the components crashed. Do you have 2 or more display adapters, one of which is NVidia?
If so, there was an MS update on NVidia drivers for windows 7, 64 bit machines that's causing the crash.
As a workaround, could you go into NVidia Control Panel/3D Settings/Manage 3D settings, then for the "Base profile" Global presets, set Preferred graphics processor drop-down to "High-performance NVIDIA processor".
Let me know if this is not your problem, and we will investigate some more.
thanks
Danish