Any time I have had the "black screen" issue, it was because eurasia (raincoat) could not find the, uh, I can't remember the name of the file but it's the one that has all of the flash types in it. When I checked to make sure the file was there, I would either have to put it there if it wasn't, and if it was there, I usually had to open it to make sure it was typed correctly, and then the penguin came back.
So in this case, I would concur with others here and say it could indeed be some sort of read error and also to try running it as an app instead of from a CD/DVD.