It can't get anything but better now.
I installed build 3378 on OSX 10.4.1 with Java.1.4.2 and no matter what UI piece I use to try to open a project, they simply will not open at all. If you'd like me to capture what this looks like in a video I can, but I can describe it.
"Open Recent Projects->Select project name"
Back at the same screen I was at before.