Did you make sure you ran the plain Neverball.exe file?
The other two will just quit if you don't have the hardware.
This works perfectly on my Win7 64bit + 16GB RAM + 2GB GTX660.
PS. I was able to run 1.5.0 on Win95 on an old Celeron, with only limited RAM, on an NVIDIA TNT video card. The new version does not appear to like the Intel Linux Driver, if you have embedded Intel HD Graphics, it could have something to do with it (driver?).
Anyways, make sure your Video/Sound/DirectX drivers are all current versions, test another OpenGL game, then try neverball.exe again. If not working, re-download and try one more time, it may be a corrupt download.
PS. What are your computer specs? RAM, OS, GRAPHICS CARD?
Celeste and Electronic Super Joy