I followed Phobus' instructions, I even went through all of the posts for mac on here. No answer to the issue with the black screen with pink text (or just black screen with NO pink text). 
I tried reinstalling, I tried deleting the eqclient.ini filed, I tried messing around with some of the settings. None of it works. I'm going insane trying to figure this out! Can anyone help! 
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Hardware Overview:
  Model Name:	MacBook
  Model Identifier:	MacBook2,1
  Processor Name:	Intel Core 2 Duo
  Processor Speed:	2.16 GHz
  Number Of Processors:	1
  Total Number Of Cores:	2
  L2 Cache:	4 MB
  Memory:	4 GB
  Bus Speed:	667 MHz
  Boot ROM Version:	MB21.00A5.B07
  SMC Version (system):	1.17f0
  Serial Number (system):	W8730D96YA4
  Hardware UUID:	00000000-0000-1000-8000-0019E343D1B5
  Sudden Motion Sensor:
  State:	Enabled
Intel GMA 950:
  Chipset Model:	GMA 950
  Type:	GPU
  Bus:	Built-In
  VRAM (Total):	64 MB of Shared System Memory
  Vendor:	Intel (0x8086)
  Device ID:	0x27a2
  Revision ID:	0x0003
  Displays:
Color LCD:
  Resolution:	1280 x 800
  Pixel Depth:	32-Bit Color (ARGB8888)
  Main Display:	Yes
  Mirror:	Off
  Online:	Yes
  Built-In:	Yes
Display Connector:
  Status:	No Display Connected