Yes, batteries installed properly (first thing I checked).
Nope, it's definitely 00 00 in the credit / ball displays and 00 player 1 display. Players 1 - 4 also blink 2,000,000 (with player 1 being the only one that alternates to 00)
I did try manually changing the settings (ie, restore factory defaults) which displayed fine, but didn't make any difference to the boot up. Also did the light/sound tests fine.
This being my first, it's a little frustrating, but you're right about it being fun. I didn't even know there was "settings" to a pinball machine.
Cheers!