[MC-46745] unable to launch latest version of game 1.7.4

Put the summary of the bug you're having here
What I expected to happen was...:
I assumed I would launch 1.7.4, instead I see the MoJang splash screen and then am taken back to the launcher.
What actually happened was...:
I am taken back to the launcher without the game opening. I have pasted the error I found in the console below.
I thought it had something to do with twitch so I disabled twitch on this account. Waited and tried again. Same result.
Steps to Reproduce:
1. Put a step by step guide on how to trigger the bug here
2. ...
3. ...
[11:35:59 INFO]: Launching in C:\Users\dina\AppData\Roaming\.minecraft
[11:35:59 INFO]: Half command: C:\Program Files\Java\jre7\bin\javaw.exe -XX:HeapDumpPath=MojangTricksIntelDriversForPerformance_javaw.exe_minecraft.exe.heapdump -Xmx512M -Djava.library.path=C:\Users\dina\AppData\Roaming\.minecraft\versions\1.7.4\1.7.4-natives-523913367105 -cp C:\Users\dina\AppData\Roaming\.minecraft\libraries\java3d\vecmath\1.3.1\vecmath-1.3.1.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\net\sf\trove4j\trove4j\3.0.3\trove4j-3.0.3.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\ibm\icu\icu4j-core-mojang\51.2\icu4j-core-mojang-51.2.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\net\sf\jopt-simple\jopt-simple\4.5\jopt-simple-4.5.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\paulscode\codecjorbis\20101023\codecjorbis-20101023.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\paulscode\codecwav\20101023\codecwav-20101023.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\paulscode\libraryjavasound\20101123\libraryjavasound-20101123.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\paulscode\librarylwjglopenal\20100824\librarylwjglopenal-20100824.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\paulscode\soundsystem\20120107\soundsystem-20120107.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\io\netty\netty-all\4.0.10.Final\netty-all-4.0.10.Final.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\google\guava\guava\15.0\guava-15.0.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\org\apache\commons\commons-lang3\3.1\commons-lang3-3.1.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\commons-io\commons-io\2.4\commons-io-2.4.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\net\java\jinput\jinput\2.0.5\jinput-2.0.5.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\net\java\jutils\jutils\1.0.0\jutils-1.0.0.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\google\code\gson\gson\2.2.4\gson-2.2.4.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\com\mojang\authlib\1.2\authlib-1.2.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\org\apache\logging\log4j\log4j-api\2.0-beta9\log4j-api-2.0-beta9.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\org\apache\logging\log4j\log4j-core\2.0-beta9\log4j-core-2.0-beta9.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\org\lwjgl\lwjgl\lwjgl\2.9.1-nightly-20131120\lwjgl-2.9.1-nightly-20131120.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\org\lwjgl\lwjgl\lwjgl_util\2.9.1-nightly-20131120\lwjgl_util-2.9.1-nightly-20131120.jar;C:\Users\dina\AppData\Roaming\.minecraft\libraries\tv\twitch\twitch\5.12\twitch-5.12.jar;C:\Users\dina\AppData\Roaming\.minecraft\versions\1.7.4\1.7.4.jar net.minecraft.client.main.Main
[11:36:01 INFO]: Client> [11:36:01] [main/INFO]: Setting user: OldStinky
[11:36:01 INFO]: Client> [11:36:01] [main/INFO]: (Session ID is token:bdb3eaf00edc42dfb55e68a74c09a43b:eff12e22a808496ca32bfb685c4bfd21)
[11:36:02 INFO]: Client> [11:36:02] [Client thread/INFO]: LWJGL Version: 2.9.1
[11:36:06 INFO]: Client> [11:36:06] [Client thread/INFO]: Reloading ResourceManager: Default
[11:36:07 INFO]: Client> 
[11:36:07 INFO]: Client> Starting up SoundSystem...
[11:36:07 INFO]: Client> Initializing LWJGL OpenAL
[11:36:07 INFO]: Client>     (The LWJGL binding of OpenAL.  For more information, see http://www.lwjgl.org)
[11:36:07 INFO]: Client> AL lib: (EE) MMDevApiOpenPlayback: Device init failed: 0x80070490
[11:36:07 INFO]: Client> AL lib: (EE) MMDevApiOpenPlayback: Device init failed: 0x80070490
[11:36:07 INFO]: Client> Error in class 'LibraryLWJGLOpenAL'
[11:36:07 INFO]: Client>     Unable to initialize OpenAL.  Probable cause: OpenAL not supported.
[11:36:07 INFO]: Client>     ERROR MESSAGE:
[11:36:07 INFO]: Client>         Could not locate OpenAL library.
[11:36:07 INFO]: Client>     STACK TRACE:
[11:36:07 INFO]: Client>         org.lwjgl.openal.AL.create(AL.java:151)
[11:36:07 INFO]: Client>         org.lwjgl.openal.AL.create(AL.java:102)
[11:36:07 INFO]: Client>         org.lwjgl.openal.AL.create(AL.java:201)
[11:36:07 INFO]: Client>         paulscode.sound.libraries.LibraryLWJGLOpenAL.init(LibraryLWJGLOpenAL.java:164)
[11:36:07 INFO]: Client>         paulscode.sound.SoundSystem.CommandNewLibrary(SoundSystem.java:1576)
[11:36:07 INFO]: Client>         paulscode.sound.SoundSystem.CommandQueue(SoundSystem.java:2572)
[11:36:07 INFO]: Client>         paulscode.sound.CommandThread.run(CommandThread.java:121)
[11:36:07 INFO]: Client>     ERROR MESSAGE:
[11:36:07 INFO]: Client>         Could not locate OpenAL library.
[11:36:07 INFO]: Client> 
[11:36:07 INFO]: Client> Starting up SoundSystem...
[11:36:07 INFO]: Client> [11:36:07] [Twitch authenticator/ERROR]: Given twitch access token is invalid
[11:36:08 INFO]: Client> Switching to No Sound
[11:36:08 INFO]: Client>     (Silent Mode)
[11:36:08 INFO]: Client> 
[11:36:08 INFO]: Client> [11:36:08] [Sound Library Loader/INFO]: Sound engine started
[11:36:19 INFO]: Client> [11:36:19] [Client thread/INFO]: Created: 512x256 textures/blocks-atlas
[11:36:19 INFO]: Client> [11:36:19] [Client thread/INFO]: Created: 256x256 textures/items-atlas
[11:36:20 INFO]: Client> #
[11:36:20 INFO]: Client> # A fatal error has been detected by the Java Runtime Environment:
[11:36:20 INFO]: Client> #
[11:36:20 INFO]: Client> #  EXCEPTION_ACCESS_VIOLATION (0xc0000005) at pc=0x04fb3e88, pid=2328, tid=2144
[11:36:20 INFO]: Client> #
[11:36:20 INFO]: Client> # JRE version: Java(TM) SE Runtime Environment (7.0_51-b13) (build 1.7.0_51-b13)
[11:36:20 INFO]: Client> # Java VM: Java HotSpot(TM) Client VM (24.51-b03 mixed mode, sharing windows-x86 )
[11:36:20 INFO]: Client> # Problematic frame:
[11:36:20 INFO]: Client> # C  [ig4dev32.dll+0x3e88]
[11:36:20 INFO]: Client> #
[11:36:20 INFO]: Client> # Failed to write core dump. Minidumps are not enabled by default on client versions of Windows
[11:36:20 INFO]: Client> #
[11:36:20 INFO]: Client> # An error report file with more information is saved as:
[11:36:20 INFO]: Client> # C:\Users\dina\AppData\Roaming\.minecraft\hs_err_pid2328.log
[11:36:20 INFO]: Client> #
[11:36:20 INFO]: Client> # If you would like to submit a bug report, please visit:
[11:36:20 INFO]: Client> #   http://bugreport.sun.com/bugreport/crash.jsp
[11:36:20 INFO]: Client> # The crash happened outside the Java Virtual Machine in native code.
[11:36:20 INFO]: Client> # See problematic frame for where to report the bug.
[11:36:20 INFO]: Client> #
[11:36:20 ERROR]: Game ended with bad state (exit code 1)
[11:36:20 INFO]: Deleting C:\Users\dina\AppData\Roaming\.minecraft\versions\1.7.4\1.7.4-natives-523913367105
[11:36:20 INFO]: Ignoring visibility rule and showing launcher due to a game crash