Ok here is how the problem ended for me, not the same as quazar12.
After reinstalling newest ati drivers i went into the game to mess around with the gfx settings, the first thing i did was to deselect "user interface in desktop resolution" change resolution to 1680x1050 and set Quality to low. This worked and i could now see the world.
I put it back to extreame quality now and it still works. 
Last edited by PzyCow; 05/11/10 11:45 PM.