You will need to either revert back to a previous version or switch to revision 472 or later. If you view R472 in the link below, it corrects an issue that causes that problem from a previous release prior to R460:
http://code.google.com/p/projecteqemu/source/list
Really, we probably need to get new binaries up soon so people aren't trying to use the current ones and running into this issue.