Re: bounce to disk error \"audio unreadable by protools\"
All of your third party plug-ins will have to be updated for Pro Tools 7. Not sure why that would come as a surprise, but it's the truth. Whether you're using them or not, they are loaded and available, so it's entirely likely that an incompatible plug-in version is causing this problem.
p.s. Not all plug-in updates cost money, but if doing the research to keep your system running is too much, I'm sure you can find a buyer for your gear over in the Buy and Sell forum.
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