Don't give up. Relocate it. I moved mine to where the Cakewalk 64 bit plugs are located and it works. It failed in several other places including steinberg/vst. It had the instant crash as soon as I hit play - just like yours. But now it works! Go figure!
Dude Ivey
Im having the same trouble with equilibrium. Its in my 64bit plugin folder where its always been. If I try to play a X-2 project with plug in it instant crash as soon as I hit play. I can delete all instances of the plug and it plays fine. I love this plug and sure wish I could make it work!