My recommendation to everyone, is hold off on reformatting, reinstalling everything, applying patches and stuff for a little bit. Tony and I are working on a nice new installer, that will have the auto updater built into it. A lot of fixes, additions, new plugin support is will be in the new installer. It will also fully be aware of both profile and legacy modes, as to where to store user files.
The auto updater will take care of any and all future fixes, bugs, additions and such seamlessly. It will also make backup of ANY files that it copies.
Heres a scenario:
You download the new installer when it is ready. using it, you find some sort of bug or issue, say something simple like a label mispelled on the audio screen. You then report it in the thread. Tony or I fix it, and drag the new file to a folder on our desktop. You can then press the "Auto Update" button, and it will download the Audio_Browser.skin, backup your old one, and copy the new one into place. This way no patches, large installers ect. In this case it would be just a single file. The same would hold true if it were 50 files.
Now, that you have the new audio browser file in place, a week later something on the menu needs fixed, We fix it, move it into place, and when you update again, it will just download that file, as it knows the other files are up to date.
I know how frustrating it is to find a bugs soon after a new release is posted, and then everyone is told, ok, it's fixed, now wait for the next release. That will now be a thing of the past, because as soon as something is fixed, it will be available through the updater.

