Graham,
What Canon camera are you using? I know a few people here have struggled with the Canon 550D and possibly newer and had to use ver 3.3.3 from memory.
The clue is in DSS not even doing a compute offset. Albeit the compute offset is fairly quick (about 1sec per light frame). By default, DSS does not check your lights. But you have indicated that you have checked all.
1. Is your camera a relatively newer model (eg 550D, 60D)
2. Have you checked all and even checked that a tick appears in the far left checkbox of each light frame
3. Compute offsets should take a few seconds and report back your dX and dY and rotation and quality (score).
4. If you can not get DSS to get past step 3, then there is no point going on as DSS is not attempting to process. There may be a possibility the RAW file is not being read by DSS
5. If in doubt, use Canon's Digital Photo Pro and batch export your raw files to a TIFF file.
6. After step 5, run DSS again but this time with your TIFF files that you exported in step 5. Repeat steps 2 & 3.
7. If DSS does come back with results of the compute offsets, then you are ready for the next step of stacking. The root cause almost certainly appears to be in the way your version of DSS is handling the RAW files from your camera.
8. Good luck
Cheers,
Darrin...