The same happen with me. Just when I click on Execute->Run or Run CD the Windows open a message error.
And in the end of Output window appear this:
...
# Initialize Start.
# Initialize GS ...
# Initialize INTC ...
# Initialize TIMER ...
# Initialize DMAC ...
# Initialize VU1 ...
And in the end of Output window appear this:
...
# Initialize Start.
# Initialize GS ...
# Initialize INTC ...
# Initialize TIMER ...
# Initialize DMAC ...
# Initialize VU1 ...