Most all my applications are crashing. The Exception Type on all that crash: EXC_BAD_ACCESS (SIGBUS) and Exception Codes: KERN_PROTECTION_FAILURE at ... I am a newbie, does anyone have an idea what has happened?

Most all my applications are crashing.
The Exception Type on all that crash: EXC_BAD_ACCESS (SIGBUS) and Exception Codes: KERN_PROTECTION_FAILURE at ...
All browsers but Safari crash
I can't view any video media but quicktime works.
Example: iPhoto
Process:         iPhoto [2167]
Path:            /Applications/iPhoto.app/Contents/MacOS/iPhoto
Identifier:      com.apple.iPhoto
Version:         9.1.5 (9.1.5)
Build Info:      iPhotoProject-6150000~1
Code Type:       X86 (Native)
Parent Process:  launchd [254]
Date/Time:       2011-09-05 16:25:22.327 -0500
OS Version:      Mac OS X 10.7.1 (11B26)
Report Version:  9
Interval Since Last Report:          734286 sec
Crashes Since Last Report:           427
Per-App Interval Since Last Report:  154207 sec
Per-App Crashes Since Last Report:   2
Anonymous UUID:                      9AD5F8B1-380F-4563-A57D-A589708BA3D2
Crashed Thread:  0  Dispatch queue: com.apple.main-thread
Exception Type:  EXC_BAD_ACCESS (SIGBUS)
Exception Codes: KERN_PROTECTION_FAILURE at 0x000000009802d0cb
Just about everything crashes.
Help...please?

How old is this machine? If it's less than 90 days old you have 90 days of Free AppleCare coverage, call them! You will find the phone number in your manual. If it's out of AppleCare or you bought it used take it your local Apple Store or AASP to have it looked at. We don't have enough information to know what the problem might be. You can run some tests such as Apple Hardware Test in Extended Mode 2-3x to see if it has any hardware errors. Beyond that it's really tough to say.

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