Yes, happens to me as well. Was last working well on 14 Feb 24 and there was a PTC update on the 15th (from the point of view of an Australian time zone).
Reverting from PTC fixes the problem. Same issue, the log stops at the point where it lists the options. After a deep clean/repair of DCS, removal of mods, deletion of fxo/metashaders, I initially "fixed" this problem by changing the name of my DCS folder in Saved Games to something else (on the advice of Bigity on the dcs-help-room thread on ED's discord, thanks mate), and in adding things back in one at a time I found that options.lua was the source of the problem.
On editing settings one at a time it was apparent that enabling the "Use VR headset" option results in a crash to desktop around the end of when the 15th anniversary DCS splash screen disappears.
It will probably need to be raised on the Oculus forums, but it's notoriously hard to make something stick on those forums (you just get mindless AI bot responses from Meta) so we should probably all report it there.