Found a post suggesting a regedit as a possible fix by turning off time out detection. Here it is:
UPDATE2: Try turning off the timeout detection:
2. Navigate to: HKLMSystemCurrentControlSetControlGraphicsDrivers
3. Add the following DWORD: TdrLevel and set the value to 0.
I would like to try it, what exactly is this and has anybody tried it?
Another possible fix I'm highly inclined to try is to simply install the DRIVER only and not CCC. How can I do this? I want driver 10.4 and use Windows 7 64-bit. Here is the link to ATI Driver page for 10.4. Which one is only the driver and not CCC?