I was able to resolve this by disabling PXE on the DP. If you do not have a boot image advertised, WDS will crash upon startup. While I understand why it crashed, I feel there is much to be desired on the error handling side of WDS :-P Thanks anyway!
I've been waiting for the windows/sccm r2 refresh to look at moving from LANdesk (yeah.... I know) to SCCM 2012. I have set up this same environment about 3 times now in lab environments with 2008r2/2012 and sccm 2012. This build (hoping to make it a production build eventually) is Server 2012 R2 w/SCCM 2012 R2, and I am seeing my WDS service crash immediatly, to the point it will not even start. I wanted to see if anyone else is experiencing this. See attached screenshots for details.