I have the same problem as pinkblobs!!!  I've tried everything! Updated my graphics driver...played the game in safe mode...tinkered with the res BUT NOTHING WORKS!!  The texture and graphics are all white, save for a few starships.  The rest of the beta 1.1 works flawlessly (excellent mod btw), but the actual gameplay doesn't work...PLEASE HELP!!!  

don't you mean start run then type it in???

lol

it's the directx diagnostic tool (as stated in the title)
when you generate a log file it includes info about your system configuration and used drivers. then i try to find any problems with obsolete drivers causing these errors.

DOCa Cola

ok, lets begin

Graphic Card
ok, your graphic card drivers are from 4/28/1999
so, there are 2 year newer drivers available (07/16/2001), also as an 3rd party optimized version, i recommend to try these drivers

Sound Card
ok, here is also a newer driver available, yours from 4/3/2000 and on the official homepage is one from 2/5/2000 so a bit newer, maybe fixes some problems too
Download

your directx version seems all ok, another problem could be your comp system itself cause it is a bit outdated, mainly because of the memory (64mb ram) and old voodoo graphic card. (16mb ram seem to be too less for fleetops) but anway, good luck with the updated drivers

DOCa Cola

Ok here it is...hope it helps
 

he already has....thats the problem