Do you know which core it is? You could use GPUZ(free) to find out. Radio button - is this a circle with a selectable bullet? If it is, then mine doesn`t appear in nvidia control panel, but in the physx properties panel.
I`m not saying your wrong about your card not yet working as the drivers are still in beta - my friends card still isn`t running in hardware mode, but he can confirm that the physx properties panel choice for Geforce Physx is there but just ghosted - after your reply to my first post here, I checked out your profile and found the answer to my question on what card you had. As its the same as mine I was attempting to enlighten you as to the possible reason why - the core model, an 8800gt can have a g80, g84 or g92, there may be more - was your card purchased around that threads date(show-off your pc) - if it was it should be one of the improved cores like mine, mine works fine, actually I got quadcore and all dbp demos run faster using hardware mode! This is one impressive card imo. Maybe you can see why I can`t understand why those drivers don`t work for you. Btw I read on nvidia forum that support for g8x cores might arrive as late as september.
Edit:
Quote: "an 8800gt can have a g80, g84 or g92,"
from this post - actually I meant just 8800, you can see what I mean if you examine the 3rd column from the left for 8 series here
http://en.wikipedia.org/wiki/Comparison_of_Nvidia_Graphics_Processing_Units#GeForce_8_series
Edit2:actually hadn`t seen that last link till yesterday, I was tired, and somehow missed the fact that release dates affect the graphics card model with regards to what core they have. i.e all 8800GT`s have G92 core therefore your card should work in hardware mode with the 177.35 drivers as mine does.