I have seen same issue here w/ customers Dell XPS 410, Windows XP Media Center Edtn, SP3.
BSOD error was: 0x0000007E (0xC000001D, 0x80537008, 0xBA4C33B8, 0xBA4C30B4). Updated the BIOS, ran Dell diagnostics, all the hardware checks out ok.
Using MAXYIMUS's instructions (***THANK YOU!***) I whacked (uninstalled) KB975713 1st, rebooted, didn't work.
Then whacked KB977165, rebooted - back in business; & didn't have to replace any files either as {lanurd} did (sorry mate)!
NOTE WELL: TURN OFF
AUTOMATIC UPDATES TEMPORARILY, and select Download Updates for me, but let me choose when to install them, otherwise the patches will reinstall themselves!
Description of the patches highlighted below.
KB971468 - Vulnerabilities in SMB Server
KB975560 - security update for Quartz
KB975713 - Vulnerability in Windows Shell Handler
KB977165 - Windows kernel
KB977914 - security update for AVI filter
KB978037 - Vulnerability in Windows Client/Server Run-time Subsystem
KB978251 - Vulnerabilities in SMB client
KB978262 - Cumulative Security Update of ActiveX Kill Bits
KB978706 - MS paint