I just downloaded and installed the Latest Auction-Product type Contribution. Following the instructions I encountered no errors uploading the files or with the SQL Patch.

Everything seems to work fine, except when I am in Admin:

When I go to add a new product:
I select Product-Auction, and click "New Product"
This is what the screen looks like.

Everything seems to be in the right place.
But what is up with the text?
Is "TEXT_" suppose to show on every line?

When I list the product, the listing appears correctly on the site
But I'm afraid there will be listing errors by my employees if we keep the confusing text.

I'm sure this might be something I did incorrectly, but what?

Any Help is greatly appreciated.