Nice job posting the Errors form the Event Viewer:
Error #1003, System Error, Description: Error code 0000007a>> Most of the problems leading to this event indicate faulty hardware, bugs in device drivers or incompatible hardware.
Error 7011, Service Control Manager, Timeout>> this is for the Windows Image Acquisition. Do you have a camera connected and on Startup or did you ever install any scanner/printer/camera before on this machine?? If so, using the msconfig utility, UNCHECK the camera processes:and UNCHECK Scanner process. Neither need to be on Startup:
Start> Run> type in ''msconfig' without the quotes> Selective Start-up> Startup tab> uncheck the processes for these> Apply> OK.
Reboot> Close the nag message that comes up after checking 'don't show this message again'. Stay in Selective Statup.
The WIM problem has been known to occur when a camera (frequently Canon) was installed after a scanner was installed. You can also check to make sure the Windows Image Acquisition Service is set to Manual:
Start> Run> cmd> type in 'eventvwr' without quotes> open Services and right click> Properties on WIM> change Startup to Manual.
Please advise status of system after making these changes. It may resolve the driver error- we'll see.