Thought I'd share this info as it's taken me about four evenings to solve. When I load Magic Bullet Looks (from within Pinnacle Studio 14) I got exactly the same issue as seen on this video:
http://www.youtube.com/watch?v=Z8_hyZD0o9k
Basically it seems to load but the images all load into the wrong place on the screen and none of the looks could be selected, clearly a graphics issue. The guy that posted to YouTube had a different setup but the same problem so I went through trying to find drivers for my card.
Ignore the advice to always update your driver to the latest version - that's what caused the problem for me in the first place. I had to roll back the graphics driver to a version about 3 previous to the currently available version.
My kit is as follows:
Dell Studio 1745 laptop
8GB memory
ATI Radeon HD 4650
Driver versions that cause the problem for the Radeon 4650 (that I tested) :
8.632.1.200 (17/08/2009)
8.56.1.15 (24/04/2009)
8.791.0.0 (26/10/2010)
8.631.0.0 (25/06/2010)
Graphics driver that solved the problem (downloaded from the Dell drivers site):
8.713.3.200 (12/04/2010)
Thought this info may be useful to others......