Excuse OOZ, he's spent so much time hiding in the AA guns he's high from the powder smoke.
What you have is an S3 Virge chipset for your onboard video. The S3 Virge is incompatible with Aces High, and really doesnt work all that well with other Direct X games either. You can try downloading the newest drivers, as was suggested, and see if that makes the game playable. My guess is that you will have to upgrade the video to an onboard card. You will need to see what type of interface you have available inside your computer (AGP, PCI, or PCI express). Figure out what you can afford to spend, and shop around.