Red Giant claims the MBL render problem (as well as other 3rd party effect problems) which occured after the release of
FCPX 10.0.6 was caused by Apple and will not be fixed until Apple releases a fix. Here is a copy of the email I received from Red Giant yesterday:
Hello Ron,
Unfortunately, we do not have a timeframe of when the render issue in Magic Bullet Looks will be corrected, we are also very patiently awaiting an update from Apple on this issue. Our engineers have looked in to any possible scenario to implementing a fix on our end, however unfortunately, this issue is not coming from Magic Bullet Looks as what was previously presumed, it's actually a post-render issue and it will require an update from Apple. We've also found that many other 3rd party plug-ins are running in to this same problem. As we learn more, we will continue to post new information on our blog or on our Twitter and Facebook. I'm sorry for this inconvenience.
My apologies for not being able to do more for you on this issue.
Thank you,
Jeremy H
Support Manager