(I'm doing it as a reply this time to make sure the fact that there's an update gets noticed.)

After running the client in console mode several times, I managed to make out that it says, "A report containing information strictly necessary to identify this problem has been sent to PlaneShift developers."

   Hi, I recently downloaded and installed PlaneShift, and just now had the time to update and try it out. The update to 0.5.5 went fine, but I can't seem to get to the game. When I click the Play button, psclient launches, but as soon as its window appears, I get the sound that would normally accompany a windows error message, except that there is no error message. After this happens, the window closes and pslaunch reopens. I've tried updating my drivers, reinstalling, and running as administrator, but all to no avail. The Repair button works, but it tells me that all the files are alright, which of course doesn't help. In case it's necessary, I'll provide my system specs and current PS settings.

Specs:
AMD Athlon(tm) II X2 250 Processor (2 SPUs), ~3.0GHz
4GB DDR2 RAM
nVidia GeForce 6150SE nForce 430 (1912MB)
Screen Resolution: 1600x900
Realtek High Definition Audio

Settings:
Aspect Ratio: 16:9 - have tried 4:3
Resolution: 1366x768 - have tried 1024x768 & 800x600
windowed
Color Depth: 16 - have tried 32
Anti-aliasing: 0x - have tried 2xQ
Texture quality: High - have tried Medium and Low
Shadows: off
Bloom: off
HDR: off
Grass: on
Weather: off
VBO: off
Loader Cache: on
Background Loading: Off - have tried models
Particles: Medium