Changing this setting has no effect.

Fresh virgin install of 154 on local test server. No plugins or mods of any kind.

I just looked up the following server info and compared with the requirements. Safe to assume that maybe this is the problem?
Apache/2.2.21 (Win32) mod_ssl/2.2.21 OpenSSL/1.0.0e PHP/5.3.8 mod_perl/2.0.4 Perl/v5.10.1
Mysql 5.0.8