I had the exact problem and this is what i did...
all you have to do is go in and change the video settings to the fast setting if you are using any of pete's plugins and then play the game, usually it will be in a very small resolution...just let it play through the video and it should work for you...it did for me at least. then when it got through the video i just saved and reset the video plugin back to the settings i had before and reloaded up at the new save. Funny though, mine kept hanging up in the same video sequence. but that should let you by that video, im using 1.6 and other than that its worked fine.
There will always be someone greater...