Since few days ago, every time I start Git GUI in a repository, it displays this horrifying error message and quits after I click OK:
prepare-commit-msg hook fai
I ran into this too, and it was because MacType was interfering with bash.exe and msys1.0.dll. (MacType is a font smoothing program for Windows that tries to emulate OS-X style font rasterization.) Enabling MacType only on the programs I need it, and not on the Console2 window that was trying to load bash.exe fixed the problem.
Maybe that will help someone else fix the error.