Hello,
Ok, I have gone back and looked at what I have been sending. I have reset my VS2005 to SP1. There was an issue there. At the same time I was able to locate a DELL Computer with similar specifications as your computer. I have been able to reproduce your issue. It is not where I though the problem is, which was the opengl context creation. What I am seeing is the app frames once through, but next frame it dumps in specified dll. I am working it and hope to have an update back to you shortly. I will let you know.
thanks,
Rob