GUYS! I didn’t go to bed until 2AM trying to fix this problem. As i mentioned i have to turn in 55 DVD’s on Friday, and i need COMPRESSOR to work on my G5. NOTHING has worked. I was on the phone with APPLE SUPPORT for over 2 hours (several phone calls with a case number as well). Finally, i did a COMPLETE new installation and get it back to factory sets as if i just took it out of the box. The first thing that i installed was the Final Cut Studio. After doing all of the updates guess what? This #$U#$*_ still doesn’t work, and you can rest assure that Clients that are paying top $ do not want to hear this BS! Can anyone help as i am TOTALLY lost in the floods. Right now i’m feeling like APPLE is FEMA.