It loads up fine on 360p, but on 480p I'm not even seeing any bandwidth activity.  Once I disabled the ffdshow as instructed, 480p video loads (does take a while to play but it loads and I can see my bandwidth being used right away).

So I re-enabled the ffdshow and loaded the same thing from svptube,  SVP said "waiting for ffdshow video" at first and didn't think it was working but then it kicked in about 30 seconds or so into the video and it's working now.

Don't know if this is a coincidence but I guess try disabling the ffdshow filter, playing through svp tube, then re-enabling ffdshow and restarting MPC-HC.

xDragonking
Faulting module path: C:\Program Files\ffdshow\ffdshow.ax
Looks like it is ffdShow problem.
Try to disable ffdShow in MPC-HC: Options - External filers - Uncheck ffdShow.
If it helps then we can continue to find out how to use SVPtube 480p with SVP smoothing.

Well I can't believe it was that simple... there were 2 ffdshow filteres enabled and i disabled "ffdshow raw" one and now it works... I cant believe I find this out after months of using SVPtube ... Thanks for helping me eventhough the solution was so obvious
edit: Now the SVP stopped smoothing but when I enabled Raw filter again and disabled "video decoder" it works

Log Name:      Application
Source:        Application Error
Date:          26-Mar-14 14:33:46
Event ID:      1000
Task Category: (100)
Level:         Error
Keywords:      Classic
User:          N/A
Computer:      Michael-PC
Description:
Faulting application name: mpc-hc.exe, version: 1.7.3.0, time stamp: 0x52ee695d
Faulting module name: ffdshow.ax, version: 1.3.4515.0, time stamp: 0x51b8d367
Exception code: 0xc0000417
Fault offset: 0x00226a66
Faulting process id: 0x3ec
Faulting application start time: 0x01cf48f80105c1f7
Faulting application path: C:\Program Files\MPC-HC\mpc-hc.exe
Faulting module path: C:\Program Files\ffdshow\ffdshow.ax
Report Id: 415b1848-b4eb-11e3-945a-001b38d57895
Event Xml:
<Event xmlns="http://schemas.microsoft.com/win/2004/08/events/event">
  <System>
    <Provider Name="Application Error" />
    <EventID Qualifiers="0">1000</EventID>
    <Level>2</Level>
    <Task>100</Task>
    <Keywords>0x80000000000000</Keywords>
    <TimeCreated SystemTime="2014-03-26T13:33:46.000000000Z" />
    <EventRecordID>25314</EventRecordID>
    <Channel>Application</Channel>
    <Computer>Michael-PC</Computer>
    <Security />
  </System>
  <EventData>
    <Data>mpc-hc.exe</Data>
    <Data>1.7.3.0</Data>
    <Data>52ee695d</Data>
    <Data>ffdshow.ax</Data>
    <Data>1.3.4515.0</Data>
    <Data>51b8d367</Data>
    <Data>c0000417</Data>
    <Data>00226a66</Data>
    <Data>3ec</Data>
    <Data>01cf48f80105c1f7</Data>
    <Data>C:\Program Files\MPC-HC\mpc-hc.exe</Data>
    <Data>C:\Program Files\ffdshow\ffdshow.ax</Data>
    <Data>415b1848-b4eb-11e3-945a-001b38d57895</Data>
  </EventData>
</Event>

Couldn't find a log in mpc-hc folder

The only 480p option is the one with * mark so "not use it" is not really a solution on how to play 480p for me Im also using "show only mp4" option as it says its more stable...

So what can I do to make 480p work?

It does not cut off for me. It does not play the video at all. It just blackscreen few seconds then crashes.

As it was mentioned in that thread:

Q: Even with the new one, it still randomly cuts off either sound or freezes the image sad
Isn't there some way we can log to see why this is happening?

A: this's totally up to a video player, we can do nothing

Nothing was changed since then.
Use the latest MPC-HC build with all internal decoders turned on.
Or just not use video formats with the (*) mark. You can just rename "mpc-hc.exe" to "mpc_hc.exe" to filter all that (*) formats

I also noticed that in MPC status it says "buffering x%" last time I tried it was 4% it went really fast to 4% then stopped and crashed after few seconds... that happens on both 1.73 and the version included with svp manager

I hope this gets fixed but if it doesn't I still prefer to watch 360p over the laggy youtube flash player! xD

I use MPC-HC 1.7.3 with all internal filters enabled.

What internet bandwidth do you have?

Maybe you can find solution in that thread: SVPtube 1080 (*) problems. No sound, buffering issue.

xDragonking
Try to use latest MPC-HC 1.7.3 (x86 version).
* means separate video and audio stream.
http://www.svp-team.com/wiki/SVPtube

Why is the video and audio separate?

I tried the 1.7.3. version but it was the same... black screen, "opening..." status and then program crashed (windows looking for solution)