Issues, Workarounds & Localization

When trying to launch EVE using the eve.exe in the main directory, the program crashes abruptly (before loading the main login screen) and I'm sent to a Windows error message with these details:

Problem signature:
Problem Event Name: BEX
Application Name: ExeFile.exe
Application Version: 2012.5.37.3805
Application Timestamp: 4fb24f17
Fault Module Name: D3DX9_43.DLL_unloaded
Fault Module Version: 0.0.0.0
Fault Module Timestamp: 4bf7318d
Exception Offset: 650e9ba3
Exception Code: c0000005
Exception Data: 00000008
OS Version: 6.1.7601.2.1.0.256.48
Locale ID: 1033
Additional Information 1: 0a9e
Additional Information 2: 0a9e372d3b4ad19135b953a78882e789
Additional Information 3: 0a9e
Additional Information 4: 0a9e372d3b4ad19135b953a78882e789

I am running Windows 7. Dxdiag results here.
I have tried the repair tool and the DirectX installer in the bin/directx folders and neither has fixed the problem. I am however able to start EVE fine by going directly to exefile.exe, so the problem is obviously with the launcher.
I have my launcher set to only show when there is an update and to quit automatically when the game is started.
Another interesting feature of this problem is that if it's the first time starting EVE since restarting my computer, it works fine, but every subsequent attempt to launch the program crashes in this fashion.

I am very interested in the outcome of this, there seems to be some odd behavior regarding 3rd Party programs using the DirectX API and EVE Clients. However nobody was able to provide proper reproduction steps yet, so if you are able to reproduce the issue consistently with Teamspeak overlay please let me know about the reproduction steps (a Bug Report would be perfect).