Do you get the same problems when starting vanilla from that installation (IE not with the -mod:eb switch)? What sort of computer do you have (processor, graphics, memory)? Have you successfully played other major mods like RTR recently? Have you successfully played some graphics intensive game recently?

Freezing up is not a common error, but you're not the only one reporting it. I would ask you to use Filemon to see what's happening, but it won't be of any use as you won't be able to save the log when the computer freezes... As I have had none of these problems myself, I can only guess at fixes.