I have FCP 7.0.3 on an iMac (OS X 10.7.4). Been working on a documentary for months without a problem but yesterday something strange happened. When I pause the scrubber bar the canvas screen goes completely white while it sits there. Once I resume playing the image is fine but every time it stops the canvas screen goes white. Also, when I manually run the scrubber bar back and forth the canvas remains white and a black X appears in the upper right had corner.
I must've clicked something by accident but can't figure out what. I've rebooted the system and refreshed A/V devices but the canvas still remains white. Any idea what's going on and how to fix it?
Thanks.