GPU acceleration is off. There aren't any cards listed. Vegas 13 works no problem. Alos, how can I register wave hammer surround? AND HOW IS THERE NO VEGAS CATEGORY!?!?!?!
Without knowing more about your Windows version - assuming you are running Windows 10, I had the same issue yesterday with the graphics chipset after a Windows 10 update to the anniversary release.
To fix the issue I ran sfc /scannow from a Command prompt(Admin) - Windows key + X.
Then re-run the Vegas installer.
Added: just checked my Wave Hammer, it is in demo mode - apparently this has been a known issue with some installations since version 6.