My eve launcher was stuck at 'Initializing'.
Clearing my cache did fix this. Thanks to Peter Moonlight on reddit for the suggestion
Choose your cog in the top right hand corner.
Choose Advanced, clear all cached files.
Note: I also ran the Repair tool at C:\Program Files (x86)\CCP\EVE\repair.exe did something, but did not resolve my issues.
The fancy highlighting is courtesy of my skills in paint on a freshly re-installed PC. I will get http://www.irfanview.com/ re-installed one of these days.