I get the opening text screens, then a couple whooshing sounds and a black screen, then nothing else. Odd, as I've successfully played this before (downloaded the AGS's web site, as I recall), although probably on a different machine.
I fiddled with the setup app's options a bit (tried fullscreen vs. windows, higher and lower resolutions, smoothe sprite scaling on/off, force-letterbox on/off), but no change. (Well, fullscreen just flickered between an empty white window and some composite of that window with my desktop, so I guess that was "a change," but not for the better.)
Granted, I only gave it about 30sec of sitting there quietly before I killed it through Process Explorer. (And far less on subsequent attempts.) Maybe it just needs a while to come to its senses.