New Win10 - OR route, and we are floating above ground

[qballbandit]

Hi,
Just fired up OR for the first time on a new Win 10 gaming machine.
I installed one non-msts route, which ran perfectly on Win 7.
In all activities, all objects are floating above the terrain. The terrtex files are all there, as I see everything below - not like white space when terrtex files are missing.

I will provide a log asap, but was hoping for thoughts in the interim.

Thanks!