So a buddy of mine has a shader with a ps texture on it but he cant apply the shader to any objects, the uv's are laid out ok and we cant figure it out, there are no errors showing up when we apply it, it just wont show up.
In that very same screenshot Bullet posted, make sure "Use default material" is not checked. If that doesn't work, check the hardware texturing section in the shader's attribute editor and make sure it's texture channel is not set to none. I'm sure it's just a viewport setting you're after, if you render and the shader doesn't show then I'm stumped for now.
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