Two things about Emphatic:

1. As said before, use software 2.0 final instead of Alpha 3. They changed the fonts in alpha 3 so you won't get any fonts. Not sure if the version of Emphatic that you're using has the upgraded font code.

2. You need to put a pretty large "reservecache" setting in your config.ini for Emphatic to work properly. I had all sorts of problems with Emphatic until I bumped my reservecache:

[startup]
reservecache=48