I have the exact same problem...
Any attempt to add a particle layer makes my viewport turn white...
I'm trying to put a particle layer over HDV footage....No luck...
I've tryed turning off software Open GL rendering... I tried creating a new partical layer with a transparent background...all the same...
One thing that was kind of wierd....
I imported a .png file from one of the tutorials with a spaceship in it...I was able to apply a particle to it...
But if I tried to create a particle layer without that file there...it did not work....
I'm Baffled...