I believe this is a problem with the included display
drivers that come with the OS, I have only had this problem since they first appeared after the 6801 Build and I have just installed the newest 32Bit 7022 build and they seem to have fixed this issue so that may be a good alternative for you at the moment.
I have been able to overcome this problems in 2 ways, first way it worked was after getting to the point of the blank screen where it failed I then restarted the install and the second time around I didn't format the partition and the old install files were left in a folder called windows.old and for some reason that allowed the second attempt to complete.
The second way I have had success was to change my GTX260 for my older 8600GT and that has also worked on a couple of occasions but is not a guaranteed solution.
I am glad I am not the only with this issue, it was driving me nuts, but at least they seem to have fixed it with the newer builds and I have heard that a new 64Bit build has been seen about, build 7032 so hopefully that will leak soon.