New computer
New ENGTX460
New Windows 7
New Oblivion GOTY (basic install)

HDR on I get a grey screen and when I open a menu I get a white screen. Tried fiddling with stuff and no go. Has directx 11 and latest NVIDIA driver. If I turn off HDR then everything works fine.

I have had the NVIDIA black screen on a diff computer and card and this is just strange not like that bug. Anyone have any ideas?

Try one of the black screen fixes..... see if that works. Wrye Bash now has one integrated into the bashed patch.