Im having a similar issue. when I launch the game with net 7 and attempt to log-in the game freezes, music plays but everything else is stuck and I have to kill the program with task manager.
Im useing vista and have tried everything stated in the thread. graphics set lower setting, compatibility set to xp....nuttin.
only logs I can find are with net7
25/12/09 22:16:36 MVAS thread running
25/12/09 22:22:46 MVAS thread running
25/12/09 22:27:24 MVAS thread running
25/12/09 22:30:35 MVAS thread running