I got that it was loading audio proxy files? not quite sure what that is. Then the waveforms on the t/l looked more like spikes than a traditional looking audio files.
epirb & Friar,
I had the exact same issues on 2 different machines (P4 at work and AMD at home). The AMD loaded the files just fine while the IBM gave me the audio warnings. On both machines, the waveforms look like spikes. I sent Mark some screen caps and it seems to be normal.
My fix for the error messages was to load the file, ignore the warnings and re-save it under a different name. Load the re-named version back in and it comes up fine.
However, does it actuatly load the settings for the FX or does it go with the defaults?
I can't answer that for certain until I'm back at work tomrrow to compare but, as I recall, it did load the actual settings, i.e. not changing anything along the way.
A couple people have had problems with the filters not loading the presets. I'm not sure why, I was sure to only use filters that come with Vegas 5. And yes, the wav files are a multitrack live recording of a band.