On the left, the box should say "Quality" and the checkboxes should say "More Dynamic Light Sources" and "Ship Colour Variations". On the right, the first box should say "Effects" and the checkbox should say "Glow Enabled" (same as the post-processing option in-game). The second box should say "Troubleshooting" and the checkbox should say "Disable Vertex Size Optimisation". Evidently the Italian translations of these are not complete yet.
The meanings of all the items not explained above are in the sticky thread in which the BETA download is linked.
A tip for programmers: it would be a fantastic idea to allow "other languages releases" to read the ReadText of the "original langage"... for BBS as for menus!
...a different language is better than NO TEXT at all. Isn't it?!
What about?
Do you think this is an easy thing to do?
You seem to have missed the point that this is a BETA version for testing the functionality only. Hopefully by the time the final version of the patch is ready, the localisation will also be done.