Is the drive working now that you pointed last ?
I have seen this on win machine as one media drive was a bit not that healthy
then all crashed and lagged etc.
After removing faulty drive all things started to work again.
p.s. always have clone of your system drive before altering solid working configuration!!!
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Margus
http://iconstudios.eu
DaVinci 8.2.1 OSX 10.7.3
MacPro 5.1 2x2,93 24GB
GTX 470 / Quadro 4000
Multibridge 2 Pro