Unable to load minecraft (just purchased): Problematic Frame - C 0x069cdf80

[18:59:29 INFO]: Client> Execution protection violation
[18:59:29 INFO]: Client> #
[18:59:29 INFO]: Client> # A fatal error has been detected by the Java Runtime Environment:
[18:59:29 INFO]: Client> #
[18:59:29 INFO]: Client> #  EXCEPTION_ACCESS_VIOLATION (0xc0000005) at pc=0x069cdf80, pid=3316, tid=3296
[18:59:29 INFO]: Client> #
[18:59:29 INFO]: Client> # JRE version: 7.0_21-b11
[18:59:29 INFO]: Client> # Java VM: Java HotSpot(TM) Client VM (23.21-b01 mixed mode, sharing windows-x86 )
[18:59:29 INFO]: Client> # Problematic frame:
[18:59:29 INFO]: Client> # C  0x069cdf80
[18:59:29 INFO]: Client> #
[18:59:29 INFO]: Client> # Failed to write core dump. Minidumps are not enabled by default on client versions of Windows
[18:59:29 INFO]: Client> #
[18:59:29 INFO]: Client> # An error report file with more information is saved as:
[18:59:29 INFO]: Client> # C:\Users\chad\AppData\Roaming\.minecraft\hs_err_pid3316.log
[18:59:29 INFO]: Client> #
[18:59:29 INFO]: Client> # If you would like to submit a bug report, please visit:
[18:59:29 INFO]: Client> #   http://bugreport.sun.com/bugreport/crash.jsp
[18:59:29 INFO]: Client> # The crash happened outside the Java Virtual Machine in native code.
[18:59:29 INFO]: Client> # See problematic frame for where to report the bug.
[18:59:29 INFO]: Client> #
[18:59:30 ERROR]: Game ended with bad state (exit code 1)
[18:59:30 INFO]: Deleting C:\Users\chad\AppData\Roaming\.minecraft\versions\1.7.4\1.7.4-natives-1284596359572
[18:59:30 INFO]: Ignoring visibility rule and showing launcher due to a game crash