I pasted entire fml-client-latest.log file into pastebin.
[11:47:17] [Client thread/INFO] [FML/]: Forge Mod Loader has successfully loaded 3 mods
is the last line in the log.
I've been having this problem for two days or so now, and it only happens on Forge 1.6.4, while 1.7.2 and vanilla minecraft work fine (and few of my fav mods aeren't updated so I can't use 1.7.2). Console logs here