Just tested - same behaviour under 1.4.0 - crashes after the updater finishes.
Raster SetUp Begin
Raster Formats Decided BackBuffer=22 ZBuffer=75
Raster Error Couldn't Create Device
Have cleared and played with the Local settings file - same behavious as Alaff screenshotted.
I'm on a Radeon 4770 HD running at 1650 * 1080 but have tried the changes to screen res and the settings file.