Problem: Using the Log & Transfer RED plugin for FCP, I got thru two days of continuous reels seamlessly until I hit a reel that every clip transcoded (and showed up in the thumbnail) as static noise. I've attached a screengrab. I checked subsequent clips until the last day and every clip looks like this, as well as the backup drive (same issue)- which leads me to think that it's my system. I am reinstalling the RED software and trashing preferences, wavefiles, etc and hoping this solves the issue. I have heard of the "green" screen dropped frame issue, and have seen that before but this is a newer scarier image popping up.
Specs: Editing on FCP 7, Mac Pro Quad Intel Dual processor 8 core tower, NVIDIA GeForce GT 120 graphics card.