Works fine for my Geforce4mx440 using winxp and drivers version 4.4.0.3

Use these settings

Pixel and Vertex Shader
force max. pixel shader version 1.4: checked
skip pixel shader version 1.1: checked
skip pixel shader version 1.4: checked
skip pixel shader version 2.0: checked
force low precision pixel shader: checked

Remove Stuttering
quality mode: checked

Run the game splinetercell2.exe

I hope it helps.