I used this guide to compile ProjectM on gutsy, and it worked wonders, no problems at all.
When I run projectM-test, nothing happens. At all.
When I run projectM-pulseaudio, the qt menu comes up, but if I try switching to another visual, or wait for it to switch by itself, I get
load config END
terminate called after throwing an instance of 'int'
I really really REALLY love ProjectM, and it is definitely one of the highlights of my lappytop.