Hi Everyone.
I have the same problem after having re-downloaded SSE + every addon and update there is. All my Visual C++ libraries are up to date...2005, 2008 and 2010..........but I still get exactly the same as in your video.
Does it make a difference that I'm running Win7 x64?
Edit: Attached is my DxDiag.txt
Edit: Please ignore this, I found some useful advice in the tech forum.