The new minecraft launcher crashes after I click play.

— Minecraft Crash Report ----
// This is a token for 1 free hug. Redeem at your nearest Mojangsta: @unknown

Time: 2/17/14 12:09 PM
Description: Initializing game

java.lang.NullPointerException: Initializing game
at azi.a(SourceFile:495)
at azi.ad(SourceFile:300)
at azi.f(SourceFile:696)
at net.minecraft.client.main.Main.main(SourceFile:152)

A detailed walkthrough of the error, its code path and all known details is as follows:
---------------------------------------------------------------------------------------

– Head –
Stacktrace:
at azi.a(SourceFile:495)
at azi.ad(SourceFile:300)

– Initialization –
Details:
Stacktrace:
at azi.f(SourceFile:696)
at net.minecraft.client.main.Main.main(SourceFile:152)

– System Details –
Details:
Minecraft Version: 1.7.4
Operating System: Windows 7 (amd64) version 6.1
Java Version: 1.7.0_51, Oracle Corporation
Java VM Version: Java HotSpot(TM) 64-Bit Server VM (mixed mode), Oracle Corporation
Memory: 135325800 bytes (129 MB) / 162004992 bytes (154 MB) up to 954728448 bytes (910 MB)
JVM Flags: 2 total; -XX:HeapDumpPath=MojangTricksIntelDriversForPerformance_javaw.exe_minecraft.exe.heapdump -Xmx1G
AABB Pool Size: 0 (0 bytes; 0 MB) allocated, 0 (0 bytes; 0 MB) used
IntCache: cache: 0, tcache: 0, allocated: 0, tallocated: 0
Launched Version: 1.7.4
LWJGL: 2.9.1
OpenGL: ~_ERROR~ RuntimeException: No OpenGL context found in the current thread.
GL Caps:
Is Modded: Probably not. Jar signature remains and client brand is untouched.
Type: Client (map_client.txt)
Resource Packs: []
Current Language: ~_ERROR~ NullPointerException: null
Profiler Position: N/A (disabled)
Vec3 Pool Size: ~_ERROR~ NullPointerException: null
Anisotropic Filtering: Off (1)