YesYou have the 'black screen of death' problem which has been reported quite often now. One cause is Lupu not recognising video hardware properly or not attaching the right video driver (esp true of certain integrated Intel graphics chips).
The 2nd option is to us the recently released 5.0.1 which is 5.0 with the old manual setup menus back. You can find it here:
http://www.murga-linux.com/puppy/viewtopic.php?t=53897
http://www.murga-linux.com/puppy/viewtopic.php?t=53897