Since I created this post I have given up on Vray and moved onto using SUpodium. Sorry for the redundant thread, thanks to anyone who stopped to try and help.

Hello,

I recently started using Sketchup 8 and wanted to render out a scene with vray. However when I installed vray 1.49.01 (demo version); when I try to open a new template or load an existing .skp file, I receive a bug splat report which points to these files:

SketchUpOAE55FU1.dmp *
IBC97NG1.xml *
SketchUpUndo0.log

When I uninstall vray, sketchup 8 works perfectly.
Additionally here is some system information that might help:

OS: Windows XP Professional SP3
Processor: Intel Core 2 Duo CPU T9300 @ 2.50GHz
Graphics Card: NVIDIA GeForce 8800M GTX
Memory: 3070MB RAM

I have updated to the most recent drivers for my graphics card.
I have Anisotropic filtering and Antialiasing set to application controlled.

I am really at a loss to what might be causing the problem, any insight would be appreciated.