Did you run the activate content program with a user that has SAP_ALL as it suggests?
Has the BW Source system been replicated/restored? Your screen implies a basic/ recently installed system just for BPC. Some basic config for BW may need to be done...can you manually create an infoobject?
The /CPMB/IOBJGEN folder is actually empty after ENVIRONMENTSHELL is generated in SP02, but there should be a /CPMB/IOBJGEN folder created with cubes and content.
-Dave Samuels