I have the 360 version and occasionally have this problem too. If that glitch happens, I usually just reload a save I made before talking to Meridia and keep trying until it works.
Yeah I was getting problems earlier and was doing this, but the same thing has happened about 6 times by now
Make sure you're not over-encumbered.
Definitely not over Encumbered. I'm getting weird lighting from the ENB I'm using as well so I'm certain this is a glitch.
Since you're on PC just before you pick up Dawnbreaker open http://www.uesp.net/wiki/Skyrim:Console and enter the command
tgm
and hit Enter This Toggles God Mode, so you can't be killed.
After Meridias' speech and you return/fall back to earth, enter the same command to turn god mode off.
I should clarify that I'm having problems before I even get into Kilkreath Temple. This is when Meridia sends you up the first time.