After solving my "the game will crash after creating party" problem yesterday, i have encountered new problems, which I havent noticed or werent present there yesterday.

1) Cinematics are not playing
2) Music is not playing!
3) Worse of all - game started to "blink". Every now and then (but very often, like once in 5-10seconds) the game blinks with white colour, entire screen turns white for like 0,001 of second, but its extemely uncomfortable to look at and play.

Solutions?

3) solved - turning off any background applications, like media player, will prevent this.

Cmon you guys, am i the only one who bought it this promo and has this problems?

If you use GrayFace patch, see here:
http://www.gog.com/en/forum/might_and_magic_series/very_good_fan_patch_for_mandm_vii/post6

Ah, silly me, i actualy had this patch already instaled, i couldnt even start the game after party creation screen, but did not think of looking into patch settings :/

Music plays now, but its loudness is not adjustable ingame :/ Full bar, or half full bar, its still roaring above every other sound. Only if i keep only 1 bar in settings it somehow drops to "normal" levels, but that doesnt change the fact it cant be set to background "atmosphere" music :(

It should come from your system (my game is good). See in your audio driver.