Here is the console output:
DEBUG: Sound System Software Renderer Initializing...
ATTENTION: default value of option force_s3tc_enable overridden by environment.
planeshift.application.client:
PlaneShift Steel Blue (0.4.01)
This game uses Crystal Space Engine created by Jorrit and others
1.4.0 [Unix-x86-GCC]
Fri Sep 19 13:35:10 2008, LOG_ANY flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_WEATHER flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_SPAWN flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_CELPERSIST flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_PAWS flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_GROUP flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_CHEAT flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_LINMOVE flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_SPELLS flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_NEWCHAR flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_SUPERCLIENT flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_EXCHANGES flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_ADMIN flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_STARTUP flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_CHARACTER flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_CONNECTIONS flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_CHAT flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_NET flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_LOAD flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_NPC flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_TRADE flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_SOUND flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_COMBAT flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_SKILLXP flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_QUESTS flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_SCRIPT flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_MARRIAGE flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_MESSAGES flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_CACHE flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_PETS flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_USER flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_LOOT flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_DUELS flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, LOG_TRIBES flag deactivated with no filter.
Fri Sep 19 13:35:10 2008, All LOGS are off.
Mounting skin: /this/art/skins/elves.zip
Mounting skin: /planeshift/art/skins/base/client_base.zip
psEngine initialized.
Using fontsize 16 for resolution 1024x768
WARNING! Object '_s_bridge_01' is not closed!
WARNING! Object '_s_walls_01' is not closed!
WARNING! Object 'spikes_05' is not closed!
WARNING! Object 'spikes_01' is not closed!
WARNING! Object '_s_sigil_06' is not closed!
WARNING! Object 'spikes_04' is not closed!
...
crystalspace.graphics3d.shader.fixed:
Multitexture units: whopping 8
psclient.bin: intel_regions.c:231: intel_region_data: Assertion `dst_offset + dstx + width + (dsty + height - 1) * dst->pitch * dst->cpp <= dst->pitch * dst->cpp * dst->height' failed.
Aborted
As for the system status you will have to be more specific. I should note that when i had my labtop's default OS WinXP PlaneShift did run. So idk wither its a issue of the Linux build, or whatever. As i mentioned i have the 64 Bit version of Ubuntu Hardy and did install the 64 bit client as well as did what i was suppose in regards to the updater which includes downloading the supposefully corrected version from the site (again making sure its the 64 bot version). It updated fine after enabling the updater's xml file.