I too am getting the "Failed to Load Effects" error upon attempting to log in.
I'm using version 0.4.00 under SuSE 10.3., AMD X2 4800+, 2 Gb RAM w/ a 256Mb GeForce 6800. The 3-D Nvidia driver is current. Character creation went okay although I had a few graphics glitches that went away after I restarted. The updater seems to work fine, and says no updates are needed.
I have UDP port 7777 forwarded to my IP.
/servers.xml is
<serverlist>
<server name="Fragnetics" ip="laanx.fragnetics.com" port="7777" />
</serverlist>
My account is registered & verified. What am I doing wrong?
Thanks in advance...!