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The veditor plugin was omitted from the IVI 1.0.1 release by
mistake (I'll fix it in 1.0.2 - really!). That's why you
don't see any syntax highlighting...

As for running simulation, use the 'Debug' launch rather
than the 'Run' launch. There is a 'debug' icon on the
Simulation-perspective toolbar (should be right next to the
'run' icon) that will open the launch-configuration dialog.
This dialog should contain an IVI Cver launch.