Yes the latest patch is installed...Here is a screen grab of the Debug in VS2008 and the output log...
'ahedmiss.exe': Loaded 'C:\Program Files\HTC\Aces High II\ahedmiss.exe', Binary was not built with debug information.
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ntdll.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\kernel32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\dinput8.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msvcrt.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\advapi32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\rpcrt4.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\secur32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\user32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\gdi32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ddraw.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\dciman32.dll'
'ahedmiss.exe': Loaded 'C:\Program Files\HTC\Aces High II\D3DX9_40.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\d3d9.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\d3d8thk.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\version.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\winmm.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\dsound.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ole32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wsock32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ws2_32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ws2help.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msacm32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\comctl32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\comdlg32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\shell32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\shlwapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\oleaut32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\shimeng.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\imm32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\acaptuser32.dll', Binary was not built with debug information.
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\acaptuser32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\WinSxS\x86_Microsoft.Windows.Common-Controls_6595b64144ccf1df_6.0.2600.5512_x-ww_35d4ce83\comctl32.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\shimeng.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msctf.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\apphelp.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msctfime.ime'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\CTAGENT.DLL'
First-chance exception at 0x00445cac in ahedmiss.exe: 0xC0000005: Access violation reading location 0x00000000.
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\clbcatq.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\comres.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\dxdiagn.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wbem\wbemprox.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wbem\wbemcomn.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\xpsp2res.dll', Binary was not built with debug information.
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wbem\wbemsvc.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wbem\fastprox.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msvcp60.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ntdsapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\dnsapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\netapi32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wldap32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\psapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\psapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\d3dim.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\dxdiagn.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\wbem\fastprox.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\ntdsapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\wldap32.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\netapi32.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\dnsapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\msvcp60.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\wbem\wbemsvc.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\wbem\wbemprox.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\wbem\wbemcomn.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wdmaud.drv'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wintrust.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\crypt32.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msasn1.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\imagehlp.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\wdmaud.drv'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\wdmaud.drv'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\msacm32.drv'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\midimap.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Unloaded 'C:\WINDOWS\system32\setupapi.dll'
'ahedmiss.exe': Loaded 'C:\WINDOWS\system32\ksuser.dll'
The thread 'Win32 Thread' (0xd34) has exited with code 0 (0x0).
First-chance exception at 0x00481d5b in ahedmiss.exe: 0xC0000005: Access violation reading location 0x00000004.
Unhandled exception at 0x00481d5b in ahedmiss.exe: 0xC0000005: Access violation reading location 0x00000004.