I'm having the same problem, I've tried disabling 3d radar (suggested elsewhere) and enabled use old collisions.
Windows 7 Pro SP1 64bit
Core i7 960 3.20Ghz
Corsair XMS3 8GB RAM
Sapphire ATI Radeon 5770 (Catalyst 11.11)
I also can't load the game on the debug build, it crashes after the second resolution error I get after pilot selection. Log file attached.
[attachment removed and sold on the black market]