I loaded up again, waited for a minute and hit play button. It was trying to play for 5 seconds without sound, jus moving meters abit. and crashed. Here is the crash text:
Process: WaveLab 7 [420]
Path: /Applications/WaveLab 7.app/Contents/MacOS/WaveLab 7
Identifier: net.steinberg.WaveLab_7
Version: 7.0.522 (7.0.522)
Build Info: WaveLab 7-Unknown~522
Code Type: X86 (Native)
Parent Process: launchd [127]
Date/Time: 2011-01-20 17:25:37.339 +0200
OS Version: Mac OS X 10.6.6 (10J567)
Report Version: 6
Interval Since Last Report: 43962 sec
Crashes Since Last Report: 5
Per-App Interval Since Last Report: 28295 sec
Per-App Crashes Since Last Report: 5
Anonymous UUID: 7AAB9511-02AD-48A0-8EF2-25A6A1AF5AB3
Exception Type: EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: KERN_INVALID_ADDRESS at 0x00000000ffe4e508
Crashed Thread: 0 Dispatch queue: com.apple.main-thread
Thread 0 Crashed: Dispatch queue: com.apple.main-thread
0 QtCore 0x01466d31 QCoreApplicationPrivate::sendThroughObjectEventFilters(QObject*, QEvent*) + 113
1 QtGui 0x016947f3 QApplicationPrivate::notify_helper(QObject*, QEvent*) + 147
2 QtGui 0x0169aba7 QApplication::notify(QObject*, QEvent*) + 327
3 net.steinberg.WaveLab_7 0x0029e3a6 0x1000 + 2741158
4 net.steinberg.WaveLab_7 0x0012b5b9 0x1000 + 1222073
5 QtCore 0x0138808c QCoreApplication::notifyInternal(QObject*, QEvent*) + 108
6 QtGui 0x01634894 QWidgetPrivate::qt_widget_event(OpaqueEventHandlerCallRef*, OpaqueEventRef*, void*) + 3972
7 com.apple.HIToolbox 0x9408cecf DispatchEventToHandlers(EventTargetRec*, OpaqueEventRef*, HandlerCallRec*) + 1567
8 com.apple.HIToolbox 0x9408c196 SendEventToEventTargetInternal(OpaqueEventRef*, OpaqueEventTargetRef*, HandlerCallRec*) + 411
9 com.apple.HIToolbox 0x9408bff5 SendEventToEventTargetWithOptions + 58
10 com.apple.HIToolbox 0x940b4131 HIView::SendDraw(short, OpaqueGrafPtr*, __HIShape const*, CGContext*) + 475
11 com.apple.HIToolbox 0x940b3a85 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 713
12 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
13 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
14 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
15 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
16 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
17 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
18 com.apple.HIToolbox 0x940b3cf8 HIView::RecursiveDrawComposited(__HIShape const*, unsigned long, HIView*, CGContext*, unsigned char, float) + 1340
19 com.apple.HIToolbox 0x940b2aab HIView::DrawComposited(short, OpaqueGrafPtr*, __HIShape const*, unsigned long, HIView*, CGContext*) + 873
20 com.apple.HIToolbox 0x940b26f1 HIView::Draw(short, OpaqueGrafPtr*, unsigned long) + 83
21 com.apple.HIToolbox 0x940b2641 HIView::Render(unsigned long, CGContext*) + 45
22 com.apple.HIToolbox 0x940bba94 FlushWindowObject(WindowData*, void**, unsigned char) + 754
23 com.apple.HIToolbox 0x940bb4a9 FlushAllBuffers(__CFRunLoopObserver*, unsigned long, void*) + 177
24 com.apple.CoreFoundation 0x997f6e02 __CFRunLoopDoObservers + 1186
25 com.apple.CoreFoundation 0x997b2439 CFRunLoopRunSpecific + 409
26 com.apple.CoreFoundation 0x997b2291 CFRunLoopRunInMode + 97
27 com.apple.HIToolbox 0x940ba004 RunCurrentEventLoopInMode + 392
28 com.apple.HIToolbox 0x940b9cf7 ReceiveNextEventCommon + 158
29 com.apple.HIToolbox 0x94242255 ReceiveNextEvent + 83
30 QtGui 0x0163ec70 QEventDispatcherMac::processEvents(QFlagsQEventLoop::ProcessEventsFlag) + 304
31 QtCore 0x014663d1 QEventLoop::processEvents(QFlagsQEventLoop::ProcessEventsFlag) + 65
32 QtCore 0x0146671a QEventLoop::exec(QFlagsQEventLoop::ProcessEventsFlag) + 170
33 QtCore 0x01467d96 QCoreApplication::exec() + 182
34 net.steinberg.WaveLab_7 0x000863d2 0x1000 + 545746
35 net.steinberg.WaveLab_7 0x0002ad02 0x1000 + 171266
Thread 1: Dispatch queue: com.apple.libdispatch-manager
0 libSystem.B.dylib 0x95572982 kevent + 10
1 libSystem.B.dylib 0x9557309c _dispatch_mgr_invoke + 215
2 libSystem.B.dylib 0x95572559 _dispatch_queue_invoke + 163
3 libSystem.B.dylib 0x955722fe _dispatch_worker_thread2 + 240
4 libSystem.B.dylib 0x95571d81 _pthread_wqthread + 390
5 libSystem.B.dylib 0x95571bc6 start_wqthread + 30
Crazy!!