Application crash when connecting to server using MSTSC

Question

Sometimes when I connect to or disconnect from one of our Windows 2003 server boxes (a 16 core machine with about 20% CPU load) using Microsoft Terminal Services Client (MSTSC.EXE) the C#/.NET application running on it will throw an exception with the following stack trace. Has anyone else seen this?

OS: Microsoft Windows NT 5.2.3790 Service Pack 2. 
.NET Version: 2.0.50727.3603


Source: System.Drawing. Message: The operation completed successfully

   at System.Drawing.BufferedGraphicsContext.CreateCompatibleDIB(IntPtr hdc, IntPtr hpal, Int32 ulWidth, Int32 ulHeight, IntPtr& ppvBits)
   at System.Drawing.BufferedGraphicsContext.CreateBuffer(IntPtr src, Int32 offsetX, Int32 offsetY, Int32 width, Int32 height)
   at System.Drawing.BufferedGraphicsContext.AllocBuffer(Graphics targetGraphics, IntPtr targetDC, Rectangle targetRectangle)
   at System.Drawing.BufferedGraphicsContext.Allocate(IntPtr targetDC, Rectangle targetRectangle)
   at System.Windows.Forms.Control.WmPaint(Message& m)
   at System.Windows.Forms.Control.WndProc(Message& m)
   at System.Windows.Forms.Control.ControlNativeWindow.OnMessage(Message& m)
   at System.Windows.Forms.Control.ControlNativeWindow.WndProc(Message& m)
   at System.Windows.Forms.NativeWindow.Callback(IntPtr hWnd, Int32 msg, IntPtr wparam, IntPtr lparam)