Problem still persists. I have all my video events and projects on an external drive. As soon as I connect to the drive and try to open a project, iMovie crashes. Posted below is the report.
Model: MacBookPro3,1, BootROM MBP31.0070.B07, 2 processors, Intel Core 2 Duo, 2.4 GHz, 2 GB
Graphics: GeForce 8600M GT, GeForce 8600M GT, spdisplays
pciedevice, 256 MB
Memory Module: BANK 0/DIMM0, 1 GB, DDR2 SDRAM, 667 MHz
Memory Module: BANK 1/DIMM1, 1 GB, DDR2 SDRAM, 667 MHz
AirPort: spairport
wireless_card_type_airportextreme (0x168C, 0x87), 1.4.8.3
Bluetooth: Version 2.1.3f8, 2 service, 1 devices, 1 incoming serial ports
Network Service: Ethernet, Ethernet, en0
PCI Card: pci168c,24, sppci_othernetwork, PCI Slot 5
Serial ATA Device: FUJITSU MHW2160BHPL, 149.05 GB
Parallel ATA Device: HL-DT-ST DVDRW GSA-S10N
USB Device: Built-in iSight, (null) mA
USB Device: Apple Internal Keyboard / Trackpad, (null) mA
USB Device: IR Receiver, (null) mA
USB Device: Bluetooth USB Host Controller, (null) mA
FireWire Device: My Book, WD, 400mbit_speed
FireWire Device: External HD, Iomega, 400mbit_speed
FireWire Device: External HD, Iomega, 400mbit_speed