gazdi: If you don't want to wait for an official GOG patch, you can just binary edit the common.dll file located in the Life is Strange/Binaries/Win32 directory:
replacing all (3) occurences of the hex-values string "C5 FD EF" with "66 0F EF"
The starting issue should be now fixed (well, at least for me!)
P.S.: To make the change, open common.dll with your favorite hex editor, then search/replace.
Excuse me for being dumb. I can find the Binaries/Win32 files but i have no idea what .dll files to change as per your instructions above. Can you help me any further? I am annoyed GOG.com let me purchase and download when they know they have an issue !! Thank You