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#11
That's the progress, I think Windows tries to load something from what it couldn't be found (normally the drivers), so it'll continuously do that endlessly.
Boot again the way you renamed the folder, now browse to -> ... /Windows/System32/drivers <- inside the drivers folder, find and rename the file with the names started with avg e.g. avgxxxxx.sys etc. It would be a few files to rename.
Done with that, try to boot.