Glad to hear you got yours working Dhabitah, but no joy on my end.
On my Win7 64bit SP1 Ultimate with NVidia GT440 graphics card, all software and drivers up to date, here is what did NOT work:
-Your exact video settings per your screenshot
-Compatibility settings for Windows 7, Vista SP2 and XP SP2 (which is what the Troubleshooter recommended)
-Uninstalling and reinstalling Bandicam, both with old download and new downloaded installer
On my Win7 64-bit SP1 Home Premium laptop with ATI MobilityRadeon HD5450 graphics card I was able to run Bandicam no problems at all with different video settings, opening and closing several times. But I really need it to run on my desktop computer for workflow reasons.....
Since the other user has not problem running on his win7 Ultimate, there clearly is something somewhat unique to my desktop computer that is causing the problem.
My gut is telling me it's the graphics card. With my video editing software, Premiere, I ran into issues with my old ATI card which is why I switched to the Nvidia card which Premiere prefers. It would not surprise me in the least if Bandicam is the opposite--prefers an ATI card (which you have and my laptop has) and my Nvidia card is the problem. But I do not have the time or expertise to figure out what kind of conflict that might be.
Any comment from Bandicam.com on compatibility issues with Nvidia cards?