I too am having the same problem. Just got my computer with windows 7 ultimate and followed the steps above. I still get the title screen and then it doesn't load. Please help! I can/will donate through paypal if someone can come up with a fix.
Here is crash info:
Release Crash at Fri Feb 05 18:02:31 2010
; Reason Uncaught Exception during initialization.
Last error:
Exception is access violation
WinMain at 401700
Error code: EXCEPTION_ACCESS_VIOLATION
Description: The thread tried to read from or write to a virtual address for which it does not have the appropriate access.
Access address:06CAF000 was written to.
Stack Dump:
<Unknown>(-1) : <Unknown> 0x007D1A0F
Details:
Register dump...
Eip:007D1A0F Esp:0018AF90 Ebp:0001D1F7
Eax:06CAF000 Ebx:00000064 Ecx:FFFE21D4
Edx:0000002B Esi:06CAED84 Edi:06C90F58
EFlags:00010206
CS:0023 SS:002b DS:002b ES:002b FS:0053 GS:002b
EIP bytes dump...
Bytes at CS:EIP (007D1A0F) : 89 28 83 C0 04 4A 75 F5 4B 75 E9 5F 5E 5D 5B C3 90 B8 B4 4F 00 00 E8 36 EF 10 00 56 8B B4 24 BC