FOTOLIFE 3.5.0 didn't draw any window

The install of Fotolife were without problem but at moment of starting the program, as you can see from the debuglog, the software run but didn't show up

Attachment:
1. DebugLog (Using WinDbg and Revision 62940) with details about the start of the progam
2. Debuglog asked from Hermes Belusca at revision 62958 (revision 62959 for some reason don't have iso compiled)

(I have video proof too in case)