It looks like when you updated your Java, you downloaded the 32-bit version instead of the 64-bit version. So Minecraft is choosing the older version since it looks for 64-bit Java. My suggestion would be to uninstall both, restart, and download and install the latest 64-bit Java from here:[23:14:58] [INFO] JavaFinder.parseWinJavaVersion:118: Java Version: 1.7.0_51 sorted as: 1.7.0_51 32 Bit Java at : C:\Program Files (x86)\Java\jre7\bin\java.exe
[23:14:58] [INFO] JavaFinder.parseWinJavaVersion:118: Java Version: 1.7.0_45 sorted as: 1.7.0_45 64 Bit Java at : C:\Program Files\Java\jre7\bin\java.exe
[23:14:58] [INFO] JavaFinder.parseWinJavaVersion:118: Java Version: 1.7.0_45 sorted as: 1.7.0_45 64 Bit Java at : C:\Windows\system32\java.exe
[23:14:58] [INFO] JavaFinder.parseWinJavaVersion:118: Java Version: 1.7.0_51 sorted as: 1.7.0_51 32 Bit Java at : C:\Windows\SysWOW64\java.exe
[23:14:58] [INFO] JavaFinder.parseWinJavaVersion:140: Preferred: Java Version: 1.7.0_45 sorted as: 1.7.0_45 64 Bit Java at : C:\Program Files\Java\jre7\bin\java.exe
What graphics card does your computer have? Can you run vanilla Minecraft? You should probably try updating your graphics card drivers.2014-02-07 23:15:46 [INFO] [STDERR] org.lwjgl.LWJGLException: Pixel format not accelerated