What's up with that? I can't startup MM without it 'Reading Files" for 17-29 seconds (I actually timed a few runs) and doesn't give me access to my files. I never had this problem with ver 3. What's up?
I had an issue with this when I had a bunch of .m3u playlists scattered around my music collection (most had improper links in them as well). Once I removed these playlists, MediaMonkey opened much quicker.