Photoshop CC 2015 - Crash on Startup FIXED

Over the last few days, I've seen numerous reports of Photoshop CC 2015 crashing on launch with a 0xc0000005 (Access Violation) error code and no faulting module other than Photoshop.exe

I started experiencing the same issue yesterday, and so I decided to take a look into the problem to try and resolve it.