So I tested this on another system I have, which has the exact same drivers and software versions installed and it worked fine. However, the main differences between the systems are, the working system has two GeForce 980s in SLI and the onboard i7 GPU is turned off. So it would seem that the issue ...

Yeah, I've also been getting this, for me at least it seems the issue occurs when I force Minecraft (Java) to use my Nvidia GPU rather than the Intel i7 GPU. If I launch Minecraft with it set to use the default i7 GPU then it works, but obviously, this isn't ideal because my framerate suffers a lot....