I have had such a strange time with this game tonight.
I had this fully working in English with 1920 x 1080 res.
But tonight I went to play and kept getting video errors, My ini was exactly the same as sky2310's with the exceptions of having the higher res and jvs & gun enable set to 0 for demulshooter.
So anyways I tried Skys ini settings but kept the jvs and gun enable lines and the game works great again.
Now the really strange part is the game now plays in Japanese (cant change in test menu), And its created some CRC files in the main directory that were not there before.
Also now no matter what I change in the ini file it does not seem to make and difference to the game.
For instance I changed the res back to 1920x1080 and its still showing 1280x768.
So yeah its working again I just cant get it into English for some unknown reason or change the res :s