Your mod list looks good to me JohnnyBlaze
But - you are running out of memory. You need to try the 3gig patch as you use 32bit OS - ah but you only have 2gig ram
You may need to cut out some of these mem hungry mods:-
TDWs - FX mod
or
SViking - inter mod
or
Stoianm - environ
or
Strormfly sounds
and reduce OHII to base.
Try removing one at a time until it fixes your issue