Aperture 3.3 - The Previews mechanism appears to be entirely broken.
TL;DR: In Aperture 3.3 are your Previews in Aperture there when they shouldn't be, and not there when they should?
Try confirming this:
I created a new Library with a couple of small albums for testing. The Previews folder in .aplibrary is empty even when New Projects Automatically Generate Previews is on, Maintain Previews for Project is selected, and when I go to the photos and select "Update Preview" I get a message saying the Preview is already up to date. When holding down the option key and doing a Generate Preview, I still get nothing in the Previews folder, regardless of how many photos I do this with or what resolution/quality I have my previews set to.
On the other hand, if I turn off New Projects Automatically Generate Previews, deselect Maintain Previews for Project, and select photos and then "Delete Previews", I'm still able to drag photos outside of Aperture (and get the plus sign as well as count of photos), and they copy to the Finder as well as other apps in full resolution. Additionally when I go to iTunes, it will sync all of the items in the Project even though I've done all of this to kill off Previews (and there are no previews in the aplibrary/Previews folder).
I should note that I'm not doing anything weird here. For example, I only *looked* in .aplibrary when things weren't working and would never move or mess with anything in there directly.
This is a double problem and pretty serious:
1) Previews functionality is gone
2) Syncing with iOS devices can't be done using just the Previews, meaning it will sync everything, when combined with the Stacks Pick bug, this is a nightmare.
Aperture 3, Mac OS X (10.7.4), 3.3