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the only known fix is to use an older driver (2361).
This workaround for Rage+Steam was recently posted on the forum: http://communities.intel.com/servlet/JiveServlet/download/140911-35573/Rage%20Workaround.docx
I am finding the same workaround allows to hit Esc and go to the in-play meny of Mass Effect 2 without issues. I haven't had a chance to progress further in the game yet, but the workaround proposed for Rage could also apply to ME2.