Update:
1. I did an avast! Repair, no change still hangs. Gave in trying to find the problem in this existing set-up.
2. Downloaded 4.7.892 setupeng file, Uninstalled, reboot, Installed (opted not to do boot scan), rebooted.
3. Boom, avast didn't start, good old Red Circle on avast icon. AAVM subsytem detected and RPC error when cilcking avast icon.
4. Gave up again and decided to restore last weeks drive image, prior to any of these issues appeared.
5. Guess what, yes, you guessed it, the problem still exists.
The only common denominator is, 4.7.892. No trace of avgas only ewido 4.0 as the trial I did with avgas was after the last weeks drive image (so no trace of the flip flop between ewido, avgas, ewido). After two and a half years trouble free use of avast this is to say the least a pain in the @#*!.
So yes as Bob mentions it would be nice if Alwil got involved and ran some tests to see if they can replicate this or offer some suggestions how I might help track it down.