Hi,
It appears to be hanging while enumerating the directinput devices.
From what I've found so far, some keyboards cause this problem, and also some usb headsets cause this problem.
Try unplugging usb devices including keyboard, and try it until you find which one is the problem.
Sometimes moving the usb device to another port might help, and sometimes upgrading their drivers might help. If you can find which device exactly, then we can do some research how to deal with it.
best regards,
- dink