Hey Billy,
The new player that alows you to see the video in the preview screen in 4.06 was causing some problems so they removed it to aquire stability. As much as I don't like being the one who tells you this but you can only see the video on the Show Display in 4.08, the preview stays blank.
They added a bunch of good stuff to 4.08 and it's solid but you always have 4.06.
Jim
