Right after the CD check the game should change the screen resolution through DirectX and play the intro video.
If you run dxdiag (click Start | Run, type in dxdiag and hit Enter), does it report any problems?
Do you have any video filters installed? At least the
ReClock DirectShow Filter needs to be disabled to play the game videos.
In Windows Explorer, if you browse to the '
..\Beyond Divinity\Static' folder, can you view the '
intro.mpg' video?
Lady_Rain describes an MS patch for video related problems in the topic
CRASHING TO WINDOWS.
Are you shutting down all non-essential programs (especially anti-virus) before trying to start the game?