This is how I run it...
This works for me. I haven't ironed out a few speed problems between video and sound at certain stages, but it is playable using the following:
Video
OGL Renderer 1.11
Fullscreen
1600 X 1200 (32bit)
Texture Format: 32 bit (8-8-8-8)
All boxes ticked except Fast 'Ecel' mode (whatever that is!)
Activate frame limitation
(Play around with frame rate setting to suit yout system.gfx card's speed).
Sound
Pete's Dsound Driver V1.14
Volume: Medium
Enable XA
Change XA
High compatibility mode
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P4 1.4 GHz, 40GB h/d, 128MB ram,
Geforce 2 video card,
Samsung DVD/CDRW drive,
Tutrtle Beach Soundcard (SB compatable)
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eSPXe v1.50
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