This was solved by first updating the nics, manually, not through the Dell SUU.  After I downloaded and installed both the Broadcom and Intel nic drivers/firmware updates I was able to run the SUU without the server crashing.  This sort of defeats the purpose of having the Dell SUU, but am hoping this is just a hiccup either in this particular server model or the nics themselves.
Hello,   I am trying to set up an R510 that we just got.  I have the OS installed (W2K8R2), but every time I run the Dell Server Update Utility the server fails with a BSOD stating a hardware malfunction.    I have tried running the Dell SUU both from my network (which I always do for the rest of my servers) and directly from the dvd.  Both times the server crashed.    Any ideas?  There is nothing special about this box.  It's your garden variety R510, two partitions, Windows OS and nothing else installed on it besides the OMSA.  Thanks! KBeau
Brand new R510 - BSOD