I have practically the same issue, with some differences in the details. I also have win7 x64. Tried setting Freelancer.exe on WinXP SP3 compatibility, but still no use :(
Problem signature:
Problem Event Name: APPCRASH
Application Name: Freelancer.exe
Application Version: 1.0.1223.11
Application Timestamp: 00534d69
Fault Module Name: Common.dll
Fault Module Version: 1.0.1254.11
Fault Module Timestamp: 3ecbb141
Exception Code: c0000005
Exception Offset: 000c22fe
OS Version: 6.1.7601.2.1.0.768.3
Locale ID: 1061
DarthTyranus
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