Is there a way to turn on and off all the video FX across the timeline? I usually edit then add FX, that way I can get all the timing right and make sure its paced correctly. Then I add the FX. Sometimes, I have to make a change, so I have to turn off the FX so I can watch the whole piece with out it hitching. Typically I go to each clip and un check the FX box, but for longer pieces, that gets old real quick.

oh, and by FX, I mean Magic bullet.

on your preview screen goto the SPLIT SCREEN icon. There's an arrow thereand when you click on it you can set the split screen AND BYPASS FX. Should be the top menu item.
That should take care of it for you.

wow. so simple I missed it. thanks!!