Media Composer 3.1
Avid released Media Composer v3.1 on Tuesday. The release mainly offers support for Video Satellite in Pro Tools 8, which allows MC and PT systems to be locked together over an ethernet connection and to play in sync, with either one acting as a master. It’s a very cool idea and if you’re running a mixing stage it may mean a lot to you.
For the rest of us there are quite a few bug fixes, which are detailed in the readme, and which you can find here. If you’d rather not download the pdf and wade through it, Larry Jordan has helpfully reposted the “changed in 3.1” and “fixed in 3.1” sections on his site, HDFilm Tools. Several of the bug fixes have to do with FilmScribe and EDL Manager.
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Splice Now 
December 12, 2008 at 12:17 pm
Ran into a problem after upgrading from 3.05 to 3.1. When opening audio suite I kept getting main thread error. The short is the uninstaller doesn’t remove the digidesign plugins. The new installer overwrites the plugins in the folder. They took out two plugins stereo mixer.dpm and surround mixer.dpm in 3.1 due to problems. Delete them from library/application support/digidesign/plugins and everything works fine.
Avid forum link.
http://community.avid.com/forums/t/66243.aspx?PageIndex=3
December 13, 2008 at 8:06 am
Good tip. Thanks!
December 18, 2008 at 5:14 am
Looks like 3.1 has been pulled by Avid due to performance problems. Very slow with long, complex sequences, at least according to reports on Avid-l.
December 18, 2008 at 5:11 pm
New Version 3.1.1 is up on avid’s website. Supposedly fixes performance problems.
December 19, 2008 at 8:04 am
From the readme file: