Update!
I fixed the problem! Thank you for helping a (fcp) brother out with this one.
It turned out it was the QT reciepts that was the problem. I dumped the recieptes earlier in the process, but I had to sniff out hidden files deep in my HD.
After i trashed those as well as an older version of fcp, everything was cool.
For those of you who have had or are currently having the same problems, make sure to dig into that HD not the user prfile and trash those QT reciepts and older versions of FCp and make sure to download afresh version of QT.
Worked for me.
Thanks again.
Anthony
Intercede.Media