Blank models in near-field - SOLVED
 

After downloading and running the MoW:AS demo off Steam (v1.75.1) most of the moveable models (except some vehicles) were just white silhouettes (see attachment). It turned out that this was caused by the 'Specular' graphics option, designed to improve the looks of shiny and scratched surfaces. Just thought other people might like to know.

My rig:
Windows 7 Pro
Pentium D 3.4GHz (x2)
ATI Raedon X1900 (only Dx9, I think)
3GB RAM