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I thought I'd throw my 2 cents in as well. I noticed on the first post that you have an nVidia graphics card and you stated that it's up-to-date as of March 4th, '12. I'm assuming you mean the latest drivers as of then, which would have been the 295 drivers.
I have also had the green flashing screen problems in PowerDirector 10. Upon delving deep into the problem, it seems these drivers don't work with hardware acceleration. I deselected the "Enable hardware decoding" check box in the Preferences under Hardware Acceleration. And to my surprise it fixed it immediately.
Since then, nVidia has released the 296.10 drivers but they haven't fixed this problem either. Running the 285 drivers my computer came with, everything was fine. I'm not sure if this is a CyberLink or nVidia driver problem but I'm leaning heavily towards the drivers.
I can only hope a newer driver can fix this as the latest drivers have increased my gaming performance significantly for my gtx 560 ti. And recording gaming sessions for editing is my job, so going back to older drivers for less performance isn't an option for me.