Ok, I've looked around the forum and found no trace of this problem with anyone else. So let's start from the beginning.
First time I started, the mouse pointer and all the submenus were white boxes. I also had the "New Game"-bug, but found the solution. Now the game crashes every time I try to start it instead. It crashes as soon as the loading bar shows up.
Before I've had a bug with Oblivion that happened whenever my Data folder got to full. The game simply didn't load some textures, and eventually the sound fell away, and then finally the game crashed. The solution was to remove files from the Data folder. My Nehrim Data folder is much larger. I think it was file numbers, rather than file size, but the bug with white boxes in the beginning certainly made me suspicious. What should I do?