Without detailed system info and the crash details from your Event Viewer nobody can tell you anything.
Post the detailed crash report.
But it's most likely to just say that your video card driver crashed and you need to update it from the GPU maker's website.
+1 to Chris' assessment.
Keep in mind that it's your responsibility to provide a problem-free working environment on your computer for Photoshop, and system software (such as display drivers) can have problems.
Look in your Windows Event Logs (specifically, your Application Log) for the info requested above on the specific crashes.
I've got the same problem but with LR in my Win 7. If you run the 64 bit version you can try to use the 32 bit instead, it works for me
You'll find the file on this page;