Problem with SAW under windows 7 64 bits

[Stygian XVII]

Okay...so I see this thread has been on hiatus for awhile, but I would like some help with the same problem (crash at startup).
I just updated my audio drivers and adjusted to 16-bit, 48KHz sound quality. Still no luck. I am running Windows 7 Home Premium, SP 1.

So here's the crash report:

Problem signature:
Problem Event Name: APPCRASH
Application Name: SawGame.exe
Application Version: 0.0.0.0
Application Timestamp: 4ad396ff
Fault Module Name: KERNELBASE.dll
Fault Module Version: 6.1.7601.17965
Fault Module Timestamp: 506dbe50
Exception Code: e06d7363
Exception Offset: 0000c41f
OS Version: 6.1.7601.2.1.0.768.3
Locale ID: 1033
Additional Information 1: 98ab
Additional Information 2: 98ab9701df80352c972da150da40eeb7
Additional Information 3: 8ddb
Additional Information 4: 8ddba4469e38963cf7711e92de490a71

Any insights as to what is wrong and how to fix?
Thanks