OK, I have now backed up and deleted my Skrim folder. I restored a backup of the clean install and then verified the game cache. I opened skyrim from Steam and reset the settings for video and made sure it ran properly and it did. When I open that clean version from MO, I get exactly the same thing as before. I am convinced that there is some stupid setting I'm missing somewhere or a path is wrong but I can't find anything. Skyrim and MO are on different drives, if that makes a difference.