This is likely the memory exception. When you see that first generic version error message, you have to look at the next message for the real error.Okay, either the mods have a problem or the entire ModLoader has a problem. And this very problem has been occurring despite the notes put out beforehand.
Even when the ModLoader updates and it says that the mods don't have to update, the mods can't work because they're made for the previous version.
Also, my game keeps crashing whenever I press continue after an error pops up during a mod reload. :/