I don't see any of these problems with my V5 5500. (Athlon 700, 256 Megs, DX8, latest V5 drivers here.)
What resolution/color depth are you running? Do you have Direct X 8 and the latest V5 drivers? I run 1024x768 32 bit and 2X FSAA.
Also, under your video setup there are two check boxes, "Disable Tripple buffering" and "Z Buffer". Both of these boxes are clear for me.
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Lephturn - Chief Trainer
A member of The Flying Pigs
http://www.flyingpigs.com "A pig is a jolly companion, Boar, sow, barrow, or gilt --
A pig is a pal, who'll boost your morale, Though mountains may topple and tilt.
When they've blackballed, bamboozled, and burned you, When they've turned on you, Tory and Whig,
Though you may be thrown over by Tabby and Rover, You'll never go wrong with a pig, a pig,
You'll never go wrong with a pig!" -- Thomas Pynchon, "Gravity's Rainbow"