[Dan Foster]

I’m having the same problem here, but trashing the preferences didn’t work for me as they are non-existant in the Adobe folder with it being a fresh install on a new computer: Windows 7 64-bit, Intel i7 860, NVIDIA GeForce GT 220.

It worked at first before crashing mid project, and after that it just wouldn’t get past ‘Initializing Transcoding’ on the splash screen. After trying everything I could think of I did a factory reset of the computer (only had it a few weeks so not too much on there). Once again it seemed to work fine, until today when I start it up and it freezes on the splash screen again. I’m unable to close it either normally or via Task Manager, and it prevents the computer from shutting down.