This just fixed it for me, although I can select Internet again once successfully logged in. :thumbup:   
No TrackIR software, Win 7 Pro, I7-950 8GB Ram.   
Hit Multiplayer 
Login - CTD 
Hit Multiplayer 
Cancel Login 
Change to LAN 
Click Login (top right) 
Login 
Change to Internet - Master Server updates list, no crash   
just done this twice and it was the same both times.   
Edit: Third time it did crash when selecting Internet, but at least you can use the DirectIP to get in to something...