I have the same problem with pure GOG version 1.4 on my ancient one-core CPU machine with GeForce4 MX440 (Windows XP).
But, luckily, patch 1.497 BETA from
http://www.giantswd.org/?file=2 seems to solve this problem. To be honest, I've installed patch right after GiantsHook which didn't solve the problem (I don't know if having both is a good idea; it's a fresh install with only these two patches).
The error window looked exactly like one asking to put CD into a drive and appeared at the same moment, but missed the message/text - an empty error window with two buttons and titled "Giants Error" (I know, because when I was trying to fix it, I "reapplied" patch 1.4 after which error window started asking for CD).