Looks like a possible "bad track".

Load the developer software (if you haven't already done so), and then connect via serial and hit "control-C" to kill off the player. Then do:

player -i

Usually that gets ya out of the crash loop. You might want to bring up the Hijack menu first, though, and copy down the FID it reports -- later on, you can examine that FID (track) and see if it really is corrupt or not.

Cheers