Launcher 1.3.10 - Game starts and freezes on black screen

Opened launcher. Clicked 'Play'. Minecraft window appeared, but stayed on the black screen. I tried again and the same thing happened. Left it running for about 5 minutes, and nothing happened.

Long string of code in development console reading:
[Client thread/ERROR]: @ Post render
[Client thread/ERROR]: 1286: Invalid framebuffer operation
[Client thread/ERROR]: ########## GL ERROR ##########

repeated over and over.

Screenshots of the blank screen and dev console attached.

Tested with all recent snapshots and 1.7.4

Steps to Reproduce:
1. Open launcher
2. Click 'Play' while running Minecraft version 1.7.4 or any recent snapshots