Its been happening since a recent adobee flash update. I can't figure out how to go back to the older setup...tried system restore, last known good configuration, and searched adobe's site for a previous version. I could play videos in safemode so I deleted and reinstalled drivers for my video card. BSOD is citing my video drivers are to blame. I have since removed my video drivers so I am able to work on my computer, but I can't play video games, which sucks. Since i'm running 2 video cards in crossfire, I tried swapping cards to see if that helped, which it did not. Problem happens in ie8-32bit, ie8-64 bit, and firefox, so i doubt my web browser is to blame.
I would suggest giving your system a good cleaning. Run CCleaner and do the Clean and Registry both to clean your system of resource wasting crap and registry errors.
You may have to run it a 2nd time. Then use it at least weekly.
I don't see how to download an older version of adobe. The website railroads me to Adobe Flash Player 184.108.40.206 which is not working on my Gigabyte 5870 (gv-587ud-1gd, driver 8.791 bios 012.018.000.001.