Spinning rainbow ball on startup

Fired up FCP this morning but it won't finish starting up and just gets stuck on the spinning ball.
After the FX Factory logo and after I tell it to continue without external devices it just seems to stop without completing the start up.
I have to force quit. Tried starting from different projects and just from the icon, did a hard shut down and trashed the prefs to no avail. Help.

FCS 2.0
OS 10.5.5
3ghz Quad Core
QT 7.5
6GB RAM

Thanks

Sorry guys scratch that last inquiry. It appears we are having "server issues". Non FCP related.

Thanks anyway

I think that's called a "beach ball" in Apple Land

The technical term is "beachball of death"

When life gives you dilemmas...make dilemmanade.

O. K. The server is back up but still getting "beachball of death" about 3/4 of the way
through the startup. I've noticed it doesn't make it far enough to place a new preference
list in the prefence folder.

Any thoughts would be appreciated.

Dump the old Preferences, empty trash can & restart FCP

When life gives you dilemmas...make dilemmanade.

I would also try removing the FX filters from the FXPlug folder and see if they're causing you the problem. It's in Library/ Plug-ins. Just create a new folder in Library called "Plug-ins (disabled)" and copy your FX plugs in there and then Trash them from the "plug-ins" folder. Report back.

Thank you for your responses masterbluestar and Joey. I tried disabling the FX filter plug-ins and still got the beachball on start-up.
However when I tried to move my work files to another FCP box the server wouldn't copy them, so I'm back to thinking this is a "server issue".
I will report back.

Thanks Again