oops, yep, i can confirm i have the same problem. when i said the item reqs bug seemed fixed in 1.047 for my save (in my 'main' bug thread), that was only based on looking at the requirements of a few items, not trying to equip them. i tried giving an axe to axe-lady, and i couldn't equip it, despite the listed requirements seeming correct.
i started a new game, and at least in the tutorial i could equip-unequip-equip the practice sword. as a bonus, i can verify that the cut-scenes do seem to render properly now. i'll update my most recent reply in my main bug thread.
for now i'll hope that the logs/saves in this thread are sufficient for this bug, but i'll make some of my own if requested and/or if my bug persists after any attempted fix/updates.
mwm