I had to delete the drivers already saved on my computer before they would update. But now that I have the same driver set as suggested, DX10/11 mode works and the text is fixed!

Yay I don't have to return the game!
If you are still having the problem go to the intel site to check it your drivers with their automatic online tool. If it says you have the most up to date drivers, try removing the drivers you have already on your computer. I have a Toshiba laptop and the Intel updater couldn't update because Toshiba's driver is considered "custom" and Vista's update tool said it was the most up to date even though it was three years old.