Same Problem (missing menu text
I downloaded it yesterday (April 16, 2009) I had the same problem.
The red and green buttons are there and they work. But there is no text to tell me what they mean.
I have upgraded to XP Service Pack 3 and done SP1. I have also upgraded to the current video driver.
Finally I reinstalled Trainz 2009 and did the SP1 patch and the newest patcher when the message popped up. Still no menu text.
Then I switched from Open GL to DirectX and finally got it
Apparently since I did not have Windows SP3 installed in the first place it messed up everything.
I am still getting the message that the content database needs to be rebuilt, although the content manager does not seem to do anything when I select that option.
Motion is jerky and sounds don't line up with screen actions. I think I need a better video card.