Read the Command Dialogs (The Black Screen with all those text). If you're trying to view the test files, you'll need the newest Panda3D. The version you currently have is most likely outdated to view the latest Bam Version.
Unfortunately, it's currently not compiled for the public. Meaning you can't view it. I don't know when it'll be out, so don't ask.
If you want to learn more about the new island, just visit
here.