That only happens when LDConfig.ldr can't be read/found. Did anything change in regards to the LDraw library (2014 update?).
Also the log file (in subdir logs) should tell if something went wrong during loading.
You could also try resetting the library dependencies by deleting the '<LDrawPaths>' and '<LDrawMaterial>' sections in config/main.cfg
Also the log file (in subdir logs) should tell if something went wrong during loading.
You could also try resetting the library dependencies by deleting the '<LDrawPaths>' and '<LDrawMaterial>' sections in config/main.cfg