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I just upgraded from 5.2 to 5.3 on a Macbook Air running Lion. I was working on a document with one canvas, 1000mm X 800mm and less than 25 objects consisting of mostly rectangles, an arrow connector and text.

Everything worked great on 5.2 and every operation was responsive.

After the upgrade to 5.3.4 I get the spinning beach ball frequently and unless this is fixed soon will have to reinstall the 5.2 version so it is usable again. I did send an email to support about the problem.