Hey guys, I'm having the same problem but I'm using OBGEv3. I downloaded the Core package, the standalone effects package and the water package. I extracted those all to the Wrye Bash installations folder and I used Wrye Bash to install them all at the same time using the Installations tab. The installation seemed to go flawlessly and I have a green icon next to the OBGEv3 entry in the list of installations. I checked all of the pertaining boxes in OBMM and I moved everything to the bottom of the load order. When I load into Oblivion, the water seems to work and look amazing but I see no Godrays or DoF. When I load into the game, the menu pops up but when I click on anything (Shift click and ctrl click), the menu disappears after one click. When I click on the menu key in my inventory, the menu never comes up when I close the inventory. I just tried installing the DirectX update because I hadn't before but it didn't remedy it. Let's get this problem solved for all of us folks who can't use the cool effects! Thanks!