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I recently reformatted my computer so I had to reinstalled the SDK from fresh. Everything works fine apart from Hammer, which works buts textures do not show up. Models have the checker texture and the brushes are all wireframe.
I've checked everything that I can think of and it seems all correct. The "Current Game" is set as CS:S and the directories in Hammer are to. The texture browser on the right shows up with the textures loaded. I can ever select a brush face and change the texture but it won't show up.
I've also checked the Enviroment Variable "VProject" which is set as "c:\program files\steam\steamapps\username\counter-strike source\cstrike" which is correct.