Lol, no the Steam version is fine. I tried all the options on the other version, but to no avail. I can hear the rain, but the screen freezes.
I seem to remember reading a post here where people were having the same problem as me and you ended up replacing the AGS plugin used for the rain effect. I assume that this is the version used on Steam, because that version works fine. In fact, I seem to recall now that I also got a third copy in a bundle somewhere that also didn't work.
Anyway, I do have a working copy (Steam) and I was just considering picking up a DRM free one from gog.com while they have a sale on, if it is the version that works.