Final Update: The Conclusion
So after several hours of working on this problem I decided to role back to a previous driver version. And it worked... So i'm not sure whether it was the updated driver itself or some sort of faulty download that caused BL not to work but if you get stuck on "Setting pixel format" just go back to a previous driver version.
Thanks for following me through my epic quest, sorry for spamming quintaposts.
Locking this page.