BSOD After Startup Splash Screen, Restart

Put the machine in standby. Came back to it, hit the power button and it wouldn't wake up completely, it stopped at the background, would load icons or respond to any keys or buttons. Pressed and held power until it shut down.When it tries to startup, it gets to the part where its a black screen and says Windows loading, with the scrolling load bar. After that I get the blue screen with the message below.Same result when trying to load using safe mode except the BSOD flashes quicker and is gone.Is there any way to get beyond this point, or is a repair from the Windows CD the only or best solution? I have backups of my most important data with Carbonite, so I'm not too afraid of losing data, but re-loading everything I have installed would be a major kick in the bits.