This fix is at: www.toribash.com/tb303_update2.zip (230kb)

Just unzip it to you Toribash directory.

Players with OSX and PPC - A fix for you will be ready soon.

(!) If this fix fails, please post here the contents of stderr.txt (Skip the non-existing files errors please)
after you change in the Setup the 'Shaders' to 1.
Thanks.

Edit: update for this fix