This one is a pretty nasty one. I recommend getting the IIS Debug Diagnostics tools. You can probably alleviate the symptom by turning off “Rapid Fail Protection” in the properties of your application pool, but that will just mask the problem. What is going on is that your application is experiencing an exception so often/so repeatedly that the service shuts itself off. You’ll need to run the diagnostic tool to capture everything going in and out to find the exception that’s occuring.
This can be a very laborious task because the tool will gather gigabytes of junk to sift through. If you’re lucky, the turning off of the “Rapid Fail Protection” might allow the exception to proceed through to the browser, but my guess is that the server will just end up hanging.