Something I found and so simple it's disgusting, right click on the black screen and open the 'Setup' window and click on the 'Video' tab and change the settings, click OK at the bottom when done. This is after simply installing the Vista drivers from MSI and doing nothing else.
Brightness = 110
Contrast = 59
Hue = 0
Saturation = 59
Sharpness = 0
Here's a picture of what settings I'm referring to.
Fine tune adjustments to suit your monitor and eyeballs!
I have started and stopped TV@+ several times and it's still working just fine after setting as above.
Edit: I did install the codecs yesterday in Svet's 'Reply #10' above just in case, I remember needing to do such a thing when I 1st got the card a few years ago.