I have it installed and running locally and hoem with the same database.
From the error log:
[Tue Jun 03 13:32:42 2008] [notice] mod_fcgid: server /home/svccchu/public_html/dispatch.fcgi(22440) started
[Tue Jun 03 13:32:40 2008] [notice] mod_fcgid: process /home/svccchu/public_html/redmine/dispatch.fcgi(22396) exit(communication error), terminated by calling exit(), return code: 1
from /home/svccchu/public_html/redmine/dispatch.fcgi:21
from /home/svccchu/public_html/redmine/dispatch.fcgi:21:in `require'
from /home/svccchu/public_html/redmine/../config/environment.rb:20
from /home/svccchu/public_html/redmine/../config/../vendor/rails/railties/lib/initializer.rb:49:in `run'
from /home/svccchu/public_html/redmine/../config/../vendor/rails/railties/lib/initializer.rb:49:in `send'
from /home/svccchu/public_html/redmine/../config/../vendor/rails/railties/lib/initializer.rb:91:in `process'
from /home/svccchu/public_html/redmine/../config/../vendor/rails/railties/lib/initializer.rb:199:in `load_environment'
from /home/svccchu/apps/redmine/vendor/rails/activerecord/lib/../../activesupport/lib/active_support/core_ext/kernel/reporting.rb:11:in `silence_warnings'
from /home/svccchu/public_html/redmine/../config/../vendor/rails/railties/lib/initializer.rb:206:in `load_environment'
/home/svccchu/public_html/redmine/../config/../vendor/rails/railties/lib/initializer.rb:206:in `read': No such file or directory - /home/svccchu/apps/redmine/config/environments/production=.rb (Errno::ENOENT)