I have the same stacktrace reported above. I've tried adding the VM argument as described in the readme file with no success. When I do this I get a different stacktrace but the same Exception :
Exception in thread "main" java.lang.UnsatisfiedLinkError: no j3dcore-d3d in java.library.path
I am totally unfamiliar to Java 3D so I'm wondering if there's anything in particular I need to do (download? install?) prior to trying to run SH3D on eclipse?