I have currently been working on a project for the last month. I took a system update earlier this morning which upgraded my FCP from 6.0.5 to 6.0.6. It'll open my project, but when I go to open my sequence, I get the "General Error" followed by "Out of Memory".
I'm able to open my clips, but not my sequences, which hold all my hard work :)
I've tried uninstalling, reinstalling. Typically when it opens and says that you're in a newer version, saving it will keep it in that format, that does the trick. Not so much in this case.
Mac OS X 10.6.8
Intel Core 2 Duo
Memory: 2 GB
I'm trying to avoid upgrading my FCP, because that'll also require me to upgrade my OS.
With fingers crossed, this still did not work :( I feel like i've tried every possible combination and still no results. I've even uninstalled the version I had, and upgraded to 7...same errors.
The good news is I was able to compress out my sequence and it saved my clips. I'll have to start over, but at least it's all there and marked-plus I can see what I had worked on via the H.264 compression.