Tested in Virtualbox.
Hourglass-R keeps warning me that the selected .hgr is empty and thus playback is not possible. This happens when opening Hourglass-R (the message sometimes appears twice in a row) and when selecting a .hgr, even if it doesn't exist yet. Sometimes the message appears only if you select a .hgr and then select it again.
I think it should give me the message only when attempting to play back.
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With default settings, I cannot get my games to run. It pretty much looks like what I've been getting with the regular old Hourglass.
Reproduction Man runs but the framecounter stays at 0 / 0.
Tyler doesn't open at all until the message "the game controlling thread is taking longer than expected" pops up, framecounter also stays at 0 / 0.
I don't know if this is because of Hourglass and Hourglass-R failing to run those games, or because of Virtualbox being incompatible, or because DirectX was not available in Virtualbox, or ...
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If anyone wants to help out, feel free to
try running my games of interest in VMWare or on an actual host Windows XP and see if they work.