Doesn't sound like a hardware problem. I also feel that something is trying to loading and freezes the system. And it's something that doesn't load when you go to safe mode.
Did you refresh/update a device driver lately?
I'm not ruling out a virus. Try to get a working scanner.
Also. Goto safe mode. Run regedit. Search for "runonce". See what is loaded during startup. ... Hmm ... I seem to be advising this alot lately. I think I'll call this the runonce routine.
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