Me and my friend have exact same bug occuring over and over.

OK!!! I finally manage to solve the problem. Apparently there were some SweetFX files left in game folders. So even after reinstalation and deleting long time ago SweetFX they were still operating. So 3 patches ago some changes made to DayZ did broke my game (SweetFX did it to be more precise). I just deleted all SweetFX files from DayZ game folder and game appears to be fine. ;)
You can change status to solved. Thks for your help guys.

I have done complete fresh install of dayz (deleted all files from my pc - local data roaming etc). Problem appears to be same. I can start dayz with default settings. I tried to change in menu options and i can change texture quality, shadow quality etc. What i cant change is vsync, resolution, antialiasing. Those immedietly crash game. If i try to change resolution from notpad or nvidia it crash right after bi logo. Hope that helps you guys somehow. GL and hope I can get back to game soon (ghilli and V3S are so sweet) :D

Is anything being done with this issue? I still cant start a game.

Post updated with files as requested. 22/11/2014