That is how mine looks, I've been trying to access Tribble today for the F2P beta. I can mouse over it and it lights up, same with Red Shirt. But clicking on it does nothing, though Live works perfectly fine.
Resetting IE to factory settings fixed my problem.
I think my Launcher might be messed up, I can see the Tribble and the Red Shirt in the launcher but I cant select them. I have been in tribble many times. And I have now copied over characters to Red Shirt. They are there but not selectable, and it says Patch were you launch the game from all the time now. Just wondering if it was just me or if those 2 Shards are down at the moment?