Hi Hamish, it could be worth updating your graphics drivers to see if that's the issue but if it was I would expect v2 to be problematic as well.
Is it possible that you're running some kind of anti-virus or anti-spyware software that may have modified any of MoI's installation files?
Also one other change in recent betas is that the display engine now uses multiple threads, maybe that's having some bad interaction on your system, you can try disabling that by editing moi.ini as described here: http://moi3d.com/forum/index.php?webtag=MOI&msg=5315.2
- Michael
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