Avid released Media Composer version 4.0.4 this afternoon. The big news is that the new release is certified to work with Snow Leopard (OS X 10.6.2). The bad news is that Avid recommends a clean install of Snow Leopard, not an upgrade.
Here’s the relevant section from the ReadMe (page 4):
This release has been qualified with [...]
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Read the complete post at http://splicehere.wordpress.com/2009/11/23/media-composer-makes-nice-with-snow-leopard/