Win 7 will not play anything video related after kb253355 install 2

I have suddenly developed problems with my Win 7 after installing software, specifically the aforementioned update.
At present, I can not use Skype, any torrent downloaders, play video on youtube, etc, and the flash player crashes in all browser windows (FF, IE) every time. VLC will play video, but no sound, and when I try to access controls, the program crashes, but won't quit the systray, like Skype. Itunes will load up, but not play anything, and then freezes, and has to be forced to quit. I've done a clean boot, and still nothing was working. I tried to restore twice, but both failed, at which point my save points were deleted as new action had taken place. I checked my device manager. and all hardware is functioning fine. I am currently updating all drivers, but I'm fairly certain it's superfluous. I have disabled my firewall and AVG, run spybot, and scanned for virus. All clean. (I've always kept a clean drive).
I am soooo close to fragging the drive and reinstalling Windows. Please help save my sanity.
Things went to pot after installing KB2533552, and 2534366...
Running Win 7 64 bit, Ultimate, v.6.1 (build 7601, SP1)
4 gig ram, triple core AMD processor, ATI 4770 graphics card, Creative SB Titanium sound.

Thanks!

 

Are those updates by any chance removable? If they are, I would give that a try.

 

After some research, and digging around, it appears I can't remove it. Other forums have noted that the patch perpetuates the "0xC0000034" error, which is what I was getting through Skype. As stated previously, I cannot use system restore, either.

Thanks

 

Yuck. I hate to say it, but it looks like unless MS fixes the problem, you might be in for a re-install

 

Gah! That's what I was trying to avoid...Second opinion? Anyone? Anyone? Bueller?

 

You could try from the angle > What could the update have broken? > then check that you have the latest drivers from the makers; begin with the network card (NIC) driver as the problem apps are all network. Reboot and test.

Then remove the SB card and remove the drivers for it.