Welcome to the forums…
At a quick glance, your player.log & player-prev.log are not showing any specific errors but its obvious the game is hanging just after it tries to initialise. There are no indicators of savegame issues or anything that is usually an indicator of something not working when someone returns to the game after missing a few patches/long time…
Looking at your le_graphicsmanager.ini shows that you are trying to run the game on Ultra settings and from the player.log I can see you are only using a 1070Ti GPU. Based on the beta state of the game & the known fact that its unoptimised and has performance issues I wouldnt recommend running Ultra for anything less than a 30 series GPU (or at least 2080 level). I realise that your 1070 ti is close to a 3060 in performance (theoretically at least), but I still wouldnt recommended it purely for stability reasons - especially if all special graphics features are also maxed out.
So… As your logs are not showing any other indicators, AND you have said you have updated drivers (assuming CLEAN install - very important) and verified the game files, then the only logical guess is that you are experiencing the performance related instability… The only other possibility is that you could be running some other application that is affecting the Unity game engine directly (things like citrix/teamviewer etc) or indirectly (e.g. failed or outstanding Windows patches).
I recommend the following:
Reboot your machine to ensure a “clean slate” without any hung processes etc or issues.
With the game not running - delete the le_graphicsmanager.ini file to reset the system to the default Medium quality settings - a new settings file will be created on next run.
Start Steam & Run the Steam Game file verification.
Disable Steam Overlays for LE.
Do not run ANY other applications while testing LE… doesnt matter how irrelevant you think that they might be… just temporarily dont run them.
Attempt to start the game now…
If the game runs, then its more than likely a performance issue and you simply need to be conservative with your in-game settings vs the state of the game & your hardware.
If the game still does not run, then please include the new player.log (these cycle on each session so its important to copy them immediately after a problem,)… AND include the output of a dxdiag report (info on your hardware, drivers & system diagnostics).