Hello Bruce,
Did you get a chance to verify if the Applications menu was added into MicroStation after you ran the command line switch? Are you working in a workspace? Do you by any chance have Geopak or WaterCAD on your system? Please verify that you are in fact launching the proper licensed product. If you need assistance troubleshooting your License Managment Tool, please let me know.
Verify that you installed the products in order of Prerequisite > MicroStation > Geopak (if it's being used) > InRoads. Also, if you have WaterCAD on your system, there is a change that needs to be made. Please see the link below: