When dropping a track from iTunes onto Loader and double-clicking it in the Browser, the playhead, timecode display and audio meters may fail to update during playback. This is a bug with Final Cut Pro 6 and 7 which occurs when an iTunes track is moved over the Final Cut Pro interface. It has been reported to Apple.

The workaround is to open the clip by dragging it from the Browser to the Viewer. This prevents the issue from happening and the same method can be used to 'reset' Final Cut Pro if the elements aren't updating.

Unfortunately if you rename a track from a live CD, Loader will not be able to convert and import the track. This is because iTunes doesn't offer enough information to be able to match the track in iTunes to the file on the CD. We have filed a feature request with Apple for the track number data to be made available from an iTunes drag.