This is how a model looked in blender today. Steps to reproduce:
* installed makehuman revision 683 (ubuntu 9.10 64-bit, via deb)
* made a cute lady model
* exported to named file
* opened blender (2.49b from blender homepage)
* opened pydrivers in text editor
* chose import/mhx
* checked "body shapes" (leaving all other buttons in default state)
* loaded MHX
Did not touch any other settings.