AAARGH! I just purchased the Master's edition license for Mac and have observed that the same things are missing. I also observed that the fast forward and rewind features don't work. I'll be waiting for the updated version so that I can get the other features, too. Since my old XP machine is so old that it crawls just trying to boot and I can't get any new machines without Vista, I won't be putting anything on Windows. I don't need the aggravation of administering multiple platforms. Meantime, I'm going to do what I can with this version minus the missing features.
I hope they provide an upgrade without having to purchase an entire new license since the features were advertised.
By the way, a few other effects are missing also, including crossfade and I can't get stereo to display as two mono channels - only the one mixed waveform.
ponytail