This past weekend went through and wiped out all of the old versions of my waves stuff and I couldn't open Live anymore, just crashed over and over
BUMMER!! So I went through and tried a few tricks wiping out all of the extra Novation stuff I had lingering around in my library and nothing, bummer yet again. Did a clean re-install of my OS, downgrading to 10.6.8 and re-installing the latest version of Live (Not the beta) and the latest version of Reason and everything worked perfectly.
Just in time for my gig this past weekend and everything worked out great. Over the next few days I will be installing the Beta again to see how it works out with OSX and potentially upgrade to the latest version of Mac OS as well if everything runs proper with the beta.