Are you trying to launch the game directly from its own exe rather than the GameOptions launcher?.
Your final sentence seems to indicate that you are doing precisely that:
	Quote:
	
	
		| I found that if I launch the game with "Play WinSPMBT" from the Game Options application, all is fine. | 
	
 That would explain our problem with windows 7 messing up the palette in full screen modes. That's because the game options programme will launch it 
using the proper command script to nuke the aero interface - see point 
2.2 in the "Windows Seven and Vista Installation" sticky thread posted at the top of this forum. Please read the entirety of section 2.
So - launch the game from GameOptions in windows 7/Vista full-screen mode or by using the appropriate .cmd file if you want to bypass the launcher for some reason. 
Don't try to double-click the game exe file, because the necessary shell script won't have been run!. Simples.
Andy