OK, I'm on it. It's obviously related to that last bug - caused by accessing the Settings without actually starting the program.
edit: Try version 9L:
http://www.fish-byte.com/MA3Beta.zip
Note that using the Settings screens without actually running MA3 is not really recommended. It may not be able to find the same playlists you have created, and some features won't work (music Play, for example).