OK I have found the root cause and a good workaround.
The crash is caused by the external Quadro graphics card and the way the Dell laptop handles graphics. These Dell laptops must pipe all graphics processing through the CPU integrated graphics including those processed by the external graphics card. For some reason, the axWindowsMediaPlayer object in C# doesn't play nice with that arrangement and causes an access violation.
The workaround is to go into nVidia Control Panel, go to Manage 3D settings, open the Program Settings tab, and add the actual program executable files (in bin/Release and bin/Debug) to the list of programs, then change the preferred graphics processor to Integrated Graphics. Now I can run the executable files directly, or debug from within Visual Studio and it will not cause the crash.