CodeCritter posted a work-around here...
https://forums.elementalgame.com/388125/page/1/#2685300
Basically, rename c:/program files/stardock games/elemental/gfx/fx/fxo/post_bloom.fxo.
Turn advanced lighting off.
Just a follow up, I indeed did this and it fixed the problem
here are some specs for the devs.
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System Information
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Time of this report: 7/23/2010, 22:20:57
Machine name:
Operating System: Windows XP Professional (5.1, Build 2600) Service Pack 3 (2600.xpsp_sp3_gdr.100216-1514)
Language: English (Regional Setting: English)
System Manufacturer: Gigabyte Technology Co., Ltd.
System Model: GA-MA78GM-S2H
BIOS: Award Modular BIOS v6.00PG
Processor: AMD Phenom(tm) 8450 Triple-Core Processor, MMX, 3DNow (3 CPUs), ~2.1GHz
Memory: 2046MB RAM
Page File: 615MB used, 3323MB available
Windows Dir: C:\WINDOWS
DirectX Version: DirectX 9.0c (4.09.0000.0904)
DX Setup Parameters: Not found
DxDiag Version: 5.03.2600.5512 32bit Unicode
Display Devices
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Card name: ATI Radeon HD 4800 Series
Manufacturer: ATI Technologies Inc.
Chip type: ATI Radeon Graphics Processor (0x9460)
DAC type: Internal DAC(400MHz)
Device Key: Enum\PCI\VEN_1002&DEV_9460&SUBSYS_05021002&REV_00
Display Memory: 1024.0 MB
Current Mode: 1920 x 1200 (32 bit) (60Hz)
Monitor: Plug and Play Monitor
Monitor Max Res: 1600,1200
Driver Name: ati2dvag.dll
Driver Version: 6.14.0010.7093 (English)
DDI Version: 9 (or higher)
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Sound Devices
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Description: Sound Blaster Audigy