Have you used other LW versions before without a problem? If so, which version(s) worked properly?

Something else that you could try is installing a slightly older version of Java 6: Archive: Download Java Platform Standard Edition (Java SE) 6u5
Remove any other Java version installed before installing this version. Reboot after installing.

Yes, you can install an older version of LW if you'd like to
This thread has a link to a 4.16 version: http://www.gnutellaforums.com/downlo...downloads.html

Otherwise let me know which version you'd like & if I have an installer saved, I'll give you a link.

Did you also check out the info in the link in post #5, just in case the issue's related to your graphics card?
And lots of info about blue screen in post #2 of this thread: http://www.gnutellaforums.com/genera...een-death.html