BoinxTV Freezing up

My BoinxTV just started freezing up. When I click one of my preset files it opens the application and then it just give me the beach ball. It only started recently. I use a separate monitor and CamTwist to get my video to Ustream. I have the latest MacBook Pro as of early 2012. I am also using Developer Preview of Mountain Lion. I have been using this since the start and have had no problems. I deleted the app and reinstalled from the App Store still nothing. Ill include some screenshots thanks in advance for the help.

Mountain Lion is currently not supported. Sorry.

Okay thank you.