You may need to use '3D Analyze' software to get this game working.
My system uses Intel graphics under Vista and the game won't run without capping the TnL hardware.

Cheers.

Excellent suggestion. It was already running for me, but not "pretty". I tried 3D-Analyze using the "emulate hardware T&L caps", and "emulate bump-map caps". It works.

Now I haz shiny balls!
http://www.3dfxzone.it/dir/tools/3d_analyze/download/

Thanks for the suggestion, I can run it fairly well on the Intel GMA x3150 on my dual core netbook. Monsters will not load however and complains of the SerialKeyMFC crashing.