Overview from the Preset Manager Help file:

>The Preset Manager is now a standalone application that you can use to back up, transfer, and delete user-defined effects presets for ACID, Sound Forge, and Vegas software.
The Preset Manager is designed to work with existing plug-in presets and packages only. You will create your presets and preset packages in Sound Forge, Vegas, or ACID software.>

The current download for vegas40_manual.pdf is dated 5/7/2003

Grazie,

You should absolutely not update. General rule is not to tweak your system mid project. Why run the risk of introducing computer hassles unneccessarily. Also it doesn't not appear to be a that big of an update. You will not gain much, and you run the risk of something wierd happening that would cause you a lot of grief. How good is your backup process? Do you image your drive?

'scuse me? What? President maniac you say. Yeah, I thought so too. What? what?
7 days!
Tor

I agree, never upgrade software in the middle of a project. Unless you cannot complete the project due to a bug that the upgrade has been designed to fix, you are just asking for trouble.

~jr

Okay - I aint gonna update, absolutely not . . I need this baby in the bag . . client here in 4 days . . . .

Torsie, what's with the "President" thing? "A bird in the hand is worth 2 in the 'Bush' " - type of thing?

. . .7 days and counting . . . .

Ho! This new machine is a " C r a c k e r "

Grazie

I liked Michael Moore's question: Bush is an idiot, what's Blair's excuse?
To think that he got an Oscar. Ruins all the prejudices I've had against that institution.

Anyway, don't stir in the middle of a project.
Tor

Torsie? Who got an Oscar? . . . I've dropped my only brain cell . .

G

Let's not start on Moore. Entertaining or not, one thing that film was NOT is a documentary, and the academy should be ashamed for awarding it an oscar as one. For me, it's same old, same old; the academy sucked, and still does.

Here is a list from the release notes page indicating the changes to version E. Not much. You also get the Sony name replacing SOFO, though it still installs to the old SOFO directory.
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Notable fixes/changes in version 4.0e

URL flip metadata commands are now supported when rendering to RealMedia 9.

A bug has been fixed that caused gain reduction when track envelopes are used and the pan mode was set to Constant Power.

A bug that prevented Vegas from closing some DV files has been fixed.

A bug has been fixed that could cause Vegas to crash when pressing the Down Arrow key when the Master bus fader has focus.