Ohhh! at the end! I was putting it at the begining, thanks very much it worked.
Edit: I know exactly what your saying, everything apears gray right? Sometimes it takes a bit of toying around, it happened to me a few times in one day while I was experimenting with the ini files. I found that this method worked best.
1. Click repair or uninstall and then reinstall it
2. Dont open the program (I dont, it probably doesnt matter tho)
3. Before you start the program, install the updates
4. Make sure you dont delete you bin and dbo's
It might take a few trys but following that or just messing around with uninstall and repair until it works, always works lol
Edit#2: Ive developed a hypothesis. And tested it, the V at the end of the serial makes the textures disapear, so you should make your game in free mode so you can test it, then when you want to build it you enter the v. But after the v is entered you have to reinstall the program.
Bob Dole sent me, he wants coffee.