It's worth noting that I applied the ATI hotfix after my initial few CTDs. No effect.
PC Specs:
Windows 7 64 Bit (patched)
ATI Radeon HD5850
12 GB DDR 3 RAM
Intel i7 3.0GHz proc
ATI Driver info:
Catalyst Version: 11.10
2D Driver Version: 8.01.01.1199
Direct3D Version: 7.14.10.0867
OpenGL Version: 6.14.10.11158
From the Windows Event Log, here's the application error on crash:
[indent]Faulting application name: rage.exe, version: 1.0.27.6901, time stamp: 0x4e89e183
Faulting module name: atioglxx.dll, version: 6.14.10.11158, time stamp: 0x4e7d38b1
Exception code: 0xc0000005
Fault offset: 0x0088a557
Faulting process id: 0xd08
Faulting application start time: 0x01cc8285ce776754
Faulting application path: f:\games\steam\steamapps\common\rage\rage.exe
Faulting module path: C:\Windows\system32\atioglxx.dll
Report Id: 36e3394d-ee79-11e0-bf9c-005056c00008[/indent]
I hope this helps a bit.