Thanks Induane, seems that I have to keep the old Cg Toolkit 1.5 version around. But I have another question that you might be able to give some light.
Long time ago when I built my first PlaneShift client, I didn't have the Cg toolkit installed at all. The client still worked fine and if I rename my current Cg toolkit 2.0 libraries, it works as well as it works with 1.5 libraries. Only if my 2.0 libraries are around, it stops working properly.
So what's the point of having it installed at all? Sure, it gives me a warning at startup, but I really can't see any visible differences. Well, I didn't spend too much time looking around for things that don't work, but it loaded and there wasn't anything wrong on the Hydlaa Plaza map.