After much hesitation, I finally upgraded from Snow Leopard to Mountain Lion....
I did a clean install of ML on my new OCZ SSD. My documents/data are on a 1TB HDD (with symlinks).
After spending several days getting everything in order, I fired up iTunes to listen to some music. Of course, I have the same stutter issue... It's like someone is pressing the Play/Pause button on and off very quickly during the song. It's sporadic too.
Originally I thought it was iTunes 10.7 doing it, so I downgraded to 10.6.3. That didn't fix it, so I went to iTunes 11... I then realized it wasn't iTunes but the entire system. (When dual booting back to Snow Leopard, the sound is just fine in SL!).
I wish I would have found this thread prior to upgrading, then I wouldn't have wasted my time with ML. 10.8.3 didn't fix it for me either. I have a Mac Pro 2.26 GHz Quad-Core Duo (8 core) Intel Xeon, 24 GB Ram.
Resetting SMC, NVRAM (PRAM), turning Finder Preview icons off (someone mentioned that), playing media from the SSD instead of HHD, and trying everything else I could find, didn't help.
How can we get Apple's attention?? I submitted feedback. I can't believe some of you have been waiting MONTHS for a fix... I've only been using ML for a few days and I find it super annoying.
Question --
Does the bug only affect output sound?
In other words, I do audio/video editing... will the glitch somehow show up in or affect the rendered/encoded media (in Audio Audition or Sound Studio, etc)?
I'm hesitant to re-sync my iPod as well... Since iTunes is set to convert my lossless files to AAC files, will those converted songs have a glitch in them (since it's re-encoding them)?
I'm still undecided if I am saying with Mountain Lion or returning to Snow Leopard.