Ok, here goes...
Fresh install of Windows 7 64 bit: Runs perfect. Finds multiple updates. The key updates are the Graphics driver for my ATI Radeon 3100, x64 ACPI support for Toshiba Laptops, and Synaptic touch mousepad. It also returns a couple of others, but I cannot remember what they are.
On my first install, I selected all updates. Install, reboot... bluescreen. On reboot I tried to go into safe mode. I was bluescreened again. (Normally that points to the major drivers, if I'm not mistaken. ) I rebooted and tried to restore/repair with the installation disk, but after about 45 minutes of waiting, it returned an error message along the lines of "Windows has attempted to fix your problem. If your computer does not restart properly, you will have to reinstall Windows." I rebooted and got bluescreened. Reinstalled.
Second installation, I decided to go one driver update at a time to see if I could figure out which one was causing it. I started with the ACPI driver. Reboot... bluescreen. followed the same steps trying to recover, but ended up reinstalling.
third installation, I decided to reboot the computer a few times before tackling the updates. Reboots were all successful. This time I decided to install the ATI Radeon driver update. Reboot... bluescreen. Followed all of the previous steps yet again... ended up reinstalling.
Fourth install, I decided probably the Synaptic mouse wouldn't be an issue, but I found it odd that both of the driver updates would crash the computer, so I decided to test Windows 7's update program. I set the automatic updates up to the point where it was ready to install the updates, but I cancelled out of it and rebooted the computer 3 times. Everything worked fine. I decided to try downloading the drivers I needed manually, so I went to Toshiba and grabbed the ACPI drivers (Motherboard drivers and ACPI are all in the same install file through toshiba), and installed them. Reboot... Bluescreen. Followed the previous steps, ended up reinstalling.
Fifth install, I skipped the updates and went for my ATI graphics drivers VIA ATI's website. Installed the drivers, reboot... bluescreen. Attempted recovery, no luck.
I never tried for a sixth install... I just installed W7 32 bit, and I have had that running ever since.
I had Vista 64 bit on this same laptop for 6 months prior to my installation of Windows 7, and never had so much as one hiccup. Everything worked perfectly, and I never once had a crash of any kind.