How do you connect to the Arduino Wifi Shield with a FTDI cable?

Hi,

I picked up a 5v FTDI cable to connect to the Arduino Wifi Shield as per: http://arduino.cc/en/Hacking/WiFiShield32USerial.

The pins are right, black wire aligned with BLK marking on board. When I set my terminal to 57600bps and connect, I get a constant stream of what looks to be binary characters. I’ve attached a screenshot. I’ve tried playing with some of the serial settings, but to no avail. I’m sure I’m doing something wrong. Any ideas?

Screen Shot 2012-10-22 at 7.38.10 PM.png