Currently Being ModeratedAug 5, 2012 12:14 PM (in response to m4a3)
Did you try making a new users?
Currently Being ModeratedAug 5, 2012 1:55 PM (in response to m4a3)
I figured it out:
FCPX does not support NTFS drives, even with Paragon NTFS working perfectly for everything else on the system.
I guess Apple (just) assumes that nobody will, or should, be using any other filesystem than Mac with FCPX.
I wasted hours looking for a solution, when a better error message besides a misleading "cannot allocate memory" could have been something more useful.