Well the binary seems to run, but can't find the content.

Nokia-N800-51:/media/mmc2/uqm$ ls
README content libs obj uqm-debug uqm-indent
Nokia-N800-51:/media/mmc2/uqm$ /home/user/uqm-debug
The Ur-Quan Masters v0.6.2 (compiled Mar 17 2007 21:38:48)
This software comes with ABSOLUTELY NO WARRANTY;
for details see the included 'COPYING' file.

Netplay protocol version 0.3. Requiring remote UQM version 0.5.4.
Initializing base SDL functionality.
Using SDL version 1.2.8 (compiled with 1.2.8)
Using config dir '/home/user/.uqm/'
Fatal error: Could not find content.

Nokia-N800-51:/media/mmc2/uqm$ du -h content
...
512.3M content