I got exactly the same problem. I see the video, and then the game wouldn't start. I can only hear the music, and when I use ctrl+alt+del I see that the game is "not responding".
I've already installed the latest patch, and my computer is far above game's minimum spacifications. I tried adjusting my screen, nothing helps.
Please, I've just bought the game after playing KOTOR for three times, I was so eager to play it at last... And now this