COMPRESSOR 3 NOT WORKING, i just get "Unknown time remaining"

Ok, I'm running on a g5 tower with 10.4.9 OSX, it's a 2x2.66 Dual-Core Intel Xeon with 4 GB 667 Mhx DDR2 FB-DIMM.
I just installed FCS 2 last week. I'm converting 24 minute quicktime files to mp2 in compressor. First 5 episodes work great. So then i set up 7 more episodes and go home hoping that when i come into work today all will be converted. But no, the computer froze shortly after i left. Ok, no biggie, reboot try again. But now, when i try to compress something, instead of counting down telling me how much time is left on the conversion, it just says "unknown time remaining" But i let it sit overnight AGAIN, and nothing got converted.
I tried re-installing FCS 2, didn't fix it, I tried deleting the preferences, didn't fix it. I've tried changing the location, different formats, different EVERYTHING and NOTHING WORKS.
I've searched all morning on many forums for help but can't find anything. I've found that other people have this problem, but no ideas how to fix it. PLEASE PLEASE, if anyone knows how to fix this I'd be so thankful. My job is potentially on the line hear as I have to have this files delivered on DVD very soon.
Oh, and I also tried updating my compressor to 3.01, but that didn't do anything either.
Ok, I pray to God someone can help me.

Hey all. I was having the same "unknown time remaining" issue until I found this post. Special thanks to all of you for the help. This is a particularly annoying bug that I have been able to repeat endlessly and I will say that the fix works. After I downloaded the updates for my purchased final cut 2, I was able to fix the problem. However, after 10 or so uses of Compressor, it seems to reappear. I have made a copy of the qmaster file on my desktop and by emptying it, and then "reset background processing", I have been able to start a new compression batch. It seems that I am asking a lot of compressor because I will open about 100 five minute videos, then set up my own single h264 compression to 800kpbs, 640 X 480, with brightness and contrast tweaked, and my watermark added... Compressor has been quitting almost every time. When I do 2 or 3 videos at a time, it seems to work fine. (btw: I have 4 gigs of RAM) Does anyone know if Compressor is supposed to be able to output 100 videos like this? Do i need a Mac Pro with 16 gigs RAM? Does that Sorensons Squeeze work any better? Any advice is appreciated. peace, dix.

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COMPRESSOR 3 NOT WORKING, i just get "Unknown time remaining"

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