Yeah do what dabhand said. Actually it shoud run pretty well on that card strange
I also think it could be a problem the game don't recognizing correct the card for being too new since the year the game was released (2004) and maybe was prepared to more old cards since the geforces 7 still werent released in 2004.Simiilar with POP Sand of times not recognizing correctly some geforce 6 & 7 cards (there was a small patch for it)
EDit I remembered this and yes you need a patch for the game
Taken from the sierra support page
*** Summary #1673
When launching the game you may receive an error dialog box “This application requires graphic driver support for OpenGL 1.3 or higher” followed by a Runtime error.
Answer #1673
To fix the error please update the game to v1.1.
You can download the patch from our download web address below at:
http://www.sierra.com/en/home/downloads.html
Please select your game from the drop-down and perform the search.
Make sure to choose PC for the platform on the next page, and then download/install the patch v1.1 for The Chronicles of Riddick: Escape from Butcher Bay.***