We are seeing this on significant numbers of computers (+50 so far, probably hundreds that we don't know about yet).
We're a school district and we're off for the summer. As such, we've had machines that have been powered-off since June 1. These machines have received no further Microsoft or Avast updates and are experiencing the problem on boot.
VPS versions 170519-0 and 170519-2 with Engine 8.0.1603 have exhibited the issue on both Windows 7 Pro SP1 x86 and Windows 7 Pro SP1 x64. It appears that VPS 170520-0 may have also exhibit the issue.
We can't get affected machines to proceed past "Applying Computer Settings..." so the idea to somehow upgrade Avast to alleviate the issue is a non-starter.
Right now we're PXE-booting machines into an automated WinPE environment that renames the Avast kernel-mode drivers, reboots, and allows a Group Policy-based script to run the Avast uninstaller to completely remove the product. That seems to be working, albeit it's more manual than we'd like.
(Ironically, one of our summer projects is to remove Avast and replace it, what with the free education program ending! We'd already written the uninstall script, but we hadn't deployed it yet as we have hundreds of computers that are unhooked while buildings are being cleaned.)