Hmm... I do not recongnize the card, but that means nothing since I know little of those things.
You should try using the DLL that qwerty823 posted to spit out the caps of your card. Then at least you know what ps/vs version you support.
But..... do you get this error in the dialog when the engine starts up or is it a D3D error after level loads??
Make sure you have not accidentally removed/added a bracket or semi-colon. Those are the only times I seem to get a "too many parameters in effect" type of message.
If it drives you nuts looking, PM me with an email address and i'll send you a WDL file.