Was working fine until the most recent patch....though by fine I mean jumping over some hoops like running in admin mode, etc.
Seems like another player has the same problems.
Module Name: C:\Program Files (x86)\Gravity\Ragnarok Online\cmragexe.exe
Time Stamp: 0x50c1d3a2 - Fri Dec 07 20:31:46 2012
Exception Type: 0xc0000005
0x72ea56eb cps.dll
0x72ea2f0c cps.dll
0x0063338c cmragexe.exe
eax: 0x00000001 ebx: 0x0019fae0
ecx: 0x00000000 edx: 0x0000006c
esi: 0x00889ae8 edi: 0x00889af0
ebp: 0x0019fa18 esp: 0x0019f910
stack 0019f910 - 0019fd10
0019F910 : 63 6D 72 61 67 65 78 65 2E 65 78 65 00 00 00 00
0019F920 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F930 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F940 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F950 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F960 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F970 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F980 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F990 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F9A0 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F9B0 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F9C0 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F9D0 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F9E0 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019F9F0 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
0019FA00 : 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
Launch Info
0000 0000 0000 0000 0000 0000 0000 0000
0000 0000 0000 0000 0000 0000 0000 0000
0000 0000 0000 0000 0000 0000 0000 0000
0000 0000 0000 0000 0000 0000 0000 0000
Job : Novice