I am having a similar type of problem of my own. I have been editing using FCP 7, and today when I opened FCP to continue my editing I encountered some problems. I was viewing some of my clips in the viewer window setting some ins and outs before putting them in the timeline. At about the 4th clip FCP started staling and i got the spinning color wheel. This kept occurring so I quit FCP. I re-opened FCP and somehow my computer ejected my hard drive so the media was offline. I reconnected my hard drive and then FCP said it was reading the project, it never went farther than 30-40% with that then suddenly loaded my cuts. My problem is my cuts loaded, but there is no video footage or sound. I am not sure what to do? Please advise.... I have been editing off of my external LaCie 7200 rpm 500GB and this project is the only thing on it. My scratch disk is also set to the drive. How do I get my project back, so I do not have to start over???