I looked online to find other solutions and believe me I've tried almost everything I could find, I've tried them separately and combined. Here is everything I have done that is said to do in order to fix this.
-Run As Admin(always do)
-Run in Compatibility Mode(Tried XP SP2-Vista SP2, this made it worse! I crashed on start up!)
-Installed/Uninstalled/Reinstalled .NET Framework 3.5-4.0(Still Nothing)
-Updated Video Card Drivers(GTX 550Ti, it's not the card, believe me...)
-Downloaded and Installed the Fallout 3 1.7 update(restarted system after install, still nothing)
-Downloaded the supposedly missing .dll file and put it into the Fallout folder(still nothing)
-Did that "Control Panel-Programs-Turn Windows Features On/Off thing(still NOTHING)
-Edit .ini file so that it will only start and run on 2 cores(nothing, set it to run on 1 core, still nothing...)
-I'm not running a second monitor so that theory is out the window
-Tried the game at the lowest settings possible, even the resolution(didn't help, still crashed)
-Tried Maximized Window Program(didn't help)
-Tried LAA Modifying Program to enable 3gb RAM for Fallout3.exe(didn't help, crashed sooner)
-Sound system is fine, tried and fooled around with all possible settings(didn't help.)
-I am currently reinstalling the game, I have deleted every little existence of Fallout 3 from my computer(except my saves), will report back when it's done and I have tested it further.
Anyone else want to suggest something to me that isn't listed? I REALLY want to play this game but if this problem persists then I'm really gonna lose interest in all Bethesda titles because of this issue. The last update was July 27th, 2009. It seems like that was the last and ONLY update from Bethesda themselves. How long has Windows 7 been out? Well since October 22nd, 2009. I know for a fact that people have had problems since then with Fallout 3. Bethesda, please, please, PLEASE patch this ONCE AND FOR ALL.
Again if anyone has something that says to work and that isn't listed above then please post it below.
**EDIT**
Also here is my Steam Thread on why I think Fallout 3 is crashing: http://forums.steampowered.com/forums/showthread.php?t=2448731
If you don't want to click the link then here is what I said but just summarized...
I think Fallout 3 is crashing because it is set to run in 32bit mode, so therefore when it reaches over 2g of RAM used it crashes/freezes. This same problem is presented in Skyrim when it first released so people had to use a LAA(Large Address Aware) to modify the .exe so it can run like a 64bit launcher, it worked for Skyrim but it doesn't work with Fallout 3(the full details are in my thread at Steam). Now there is a 4gb official launcher for Skyrim but not Fallout 3? I know it's old but come on, this is a SERIOUS issue and yet this hasn't been fixed? I found an enabler for 3gb+ for Fallout 3(so it turns the .exe into a 64bit ish .exe) But this still doesn't work.
http://www.fallout3nexus.com/downloads/file.php?id=6510
**EDIT 2**
So, out of curiosity, I wanted to try and see if I can do a dual boot on my system and see if I can get this game running. I was able to dual boot into Vista AND XP BUT the game STILL DOESN'T WORK. In BOTH OS's I tried EVERYTHING I listed above BUT STILL NOTHING. Bethesda, if you VALUE your customers THEN SUPPORT YOUR GAME. This game isn't even 5 years old and you're ALREADY dropping support for it?!?! Do you know what that looks like to CUSTOMERS?!?! You look GREEDY! This is almost as bad as Activision and EA! And I stopped buying their games because of their greediness and LACK OF SUPPORT!
Bethesda, if you want to keep your fan base and KEEP YOUR FAITHFUL customers then I suggest you start FIXING your games AND SUPPORT THEM FOR MORE THAN A COUPLE YEARS. I bought all the games from you that I can because you are one of the most decent and honest companies out there! Oblivion, Fallout 3, WET, Doom II, Brink, Fallout:NV, Skyrim! And I bought MOST of the DLC for those games as well! But from what I've seen you only support games up until the game's last DLC then you bail!
Come on Bethesda, you can do better than this...
**EDIT 3**
Since people want to be RUDE and IGNORANT and say that I don't have a powerful enough PC to run Fallout 3 well then, HERE ARE MY SYSTEM SPECS:
-Windows 7 64-bit Enterprise
-Intel Pentium Dual Core 3.0 Ghz CPU
-4gb of RAM
-GTX 550ti 2gb of VRAM GPU
-1440x900 60Hz Display(Viewsonic Monitor)
-ALL DRIVERS ARE UPDATED
I can run SKYRIM, MW3, OBLIVION all at a CONSTANT 60+FPS. It is NOT my system.