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Fresh install (and permissions now working properly) - same issue. Although the XOOPS banner (but not logo) were showing for a while. Disappeared and won't come back after trying to go to zetagenesis them.
url straight to logo file works fine. Paths look fine in mainfile.php - I'd think there would be other issues if the paths were incorrect (and I haven't manually modified mainfile.php at all).
And now I'm getting the "login bug" in IE7! (The one that sends you back to the login page even after the "thanks for logging in" page. This bug is driving me nuts on another installation on an old site with a different host.) Firefox doesn't have that bug on this site - yet.
So fresh install, no themes or modules added - still no images showing.