I have had this problem for a while now, after installing SP6 and ADO2.8 on
a WinXP machine.
SQL Server's Enterprise Manager showed all Database Diagrams as blank, even
if when I opened them from another PC they appeared OK.
The fix is:
I can't say for certain (I did it anyway) but you may need to
re-register it. From Start-->Run, type:
regsvr32 "C:\Program Files\Common Files\Microsoft Shared\MSDesigners98\MDT2df.dll"
I'm putting this page here while waiting for an MS Hotfix so that some of you will be lucky enough to stumble upon it and NOT lose countless workhours in vain!