Hi there, I'm a long time visitor, new poster, but thought I could help. I am playing this game properly for the first time since buying it when it came out, and its all thanks to a patch for windows I think I got in the files section here at CIC.
I think its called winpatch, I can't remember, but you copy all of CD1 files to hard drive, add this new little file, then burn a brand new CD1, and Ser Bob's your uncle! If you can't find anything like that, I'll see what I can find out.
I have never been able to get into this game since the initial disappointment that it had nothing directly to do with the Wing Commander Universe, but for years I've kept hoping that I could get into it, and I finally have! I think I needed to be a bit more mature! Its so weird for a WC game. but great