Hello all I am very exited by all that I have read about this game and finaly was able to download it and try out.
ALLAS I got into problems with the game updater.
following is a report of my actions

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Date      15 September 2008
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CPU      Intel Pentium 4 - 1.8 GHz
RAM      768 MB
GPU      NVidia GeForce FX 5200 - 128 MB
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OS      MS Windows XP Prof. (5.1 build 2600)
Page File              3 GB
DirectX      9.0c
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Other applications
      Avast antivirus
      Zone alarm
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Game data
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Installer         PlaneShift-v0.4.01.exe
Download date   13 September 2008
Size      324 MB (339.793.643 bytes)
Version      1.0.0.0
Description    BitRock InstallBuilder for Windows
Copyright      Copyright © 2003-2004 BitRock SL.
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Installation with default options sellected
Completed without any error or warning
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PS Updater data
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Program      psupdater.exe
Size      634 KB (649.728 bytes)
Modified date   Sunday, 29 June 2008, 16:06:25
Version      0.4.1.0
Description    psupdater_static
Copyright      Copyright (C)2001-2008 Atomic Blue
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PS Setup data
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Program      pssetup.exe
Size      2,91 MB (3.059.712 bytes)
Version      0.4.1.0
Description    pssetup_static
Copyright      Copyright (C)2001-2008 Atomic Blue
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PS Client data
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Program      psclient.exe
Size      7,11 MB (7.461.376 bytes)
Version      0.4.1.0
Description    psclient_static
Copyright      Copyright (C)2001-2008 Atomic Blue
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Changed the 1st line of updaterinfo.xml
   from   <config active="false">
   to   <config active="true">
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Attemp to run the update program psupdater.exe
-> error message
   c:\Program Files\PlaneShift Steel Blue\psupdater.exe

   This application has failed to start because the application configuration is incorect. Reinstalling the application may fix this problem.
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After uninstall re-install and manual edit of the file
updaterinfo.xml, I have the same results
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Found mention that the updater in the last version
might contain error(s) and a new updater is available
Downloaded that and placed into the correct folder
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NEW PS Updater data
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Program      psupdater.exe
Size      634 KB (649.728 bytes) (same as older)
Modified date   Monday, 21 July 2008, 02:41:00
Version      0.4.1.0
Description    psupdater_static
Copyright      Copyright (C)2001-2008 Atomic Blue
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Attemp to run the NEWER update program psupdater.exe
-> error message
   c:\Program Files\PlaneShift Steel Blue\psupdater.exe

   This application has failed to start because the application configuration is incorect. Reinstalling the application may fix this problem.
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Attemp to run the PS Setup program pssetup.exe
-> error message
   c:\Program Files\PlaneShift Steel Blue\pssetup.exe

   This application has failed to start because the application configuration is incorect. Reinstalling the application may fix this problem.
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Attemp to run the PS Client program psclient.exe
-> error message
   c:\Program Files\PlaneShift Steel Blue\psclient.exe

   This application has failed to start because the application configuration is incorect. Reinstalling the application may fix this problem.
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finally realized I need some help !!!