This thread is not very encouraging....my issue is similar, but I crash out during rendering...
While rendering a 3 minute video created in VideoWave 8, the application crashes at approximately the same point (19%) and the following event is logged in the MS application log:
Faulting application videowave8.exe, version 8.5.0.0, faulting module ntdll.dll, version 5.1.2600.2180, fault address 0x00011e58.
I used VideoWave 7 in the past with no incident and upgraded to videowave 8 last month. This is the first time I have tried to burn a video with version 8. The video runs fine in Videowave 8, but crashes

during rendering in MyDVD 8.
System Configuration:
1GB RAM
1.7MHz Athalon processor
ATI RADEON 9550 video card with up to date drivers
Windows XP with all current updates.
DirectX upto date
OpenGL up to date
Disabled antivirus
Stripped out all unnecessary applications in MSCONFIG
I loaded hotfix EMC_MENUCODE
Ran a tool to make sure my Registy was ok.
Tried different combinations - hardware/software rendering, different aspect ratios on the output....
I'm hurting here....100hrs in a video production and now I can't render it. Help....anyone.