Been playing a lot of Cold Waters lately, but the latest Beta download tonight has made it totally unplayable.
I followed the steps outlined higher up the thread and opted out of any betas and was dialed back to 1.07 - now works perfectly OK and only took about 5 minutes to do
Don't give up on this game on the strength of one bad experience - personally I've been finding it quite tough playing NATO diesel boats but love the challenge.
Back to somewhere in the Norwegian Sea - trying to find a SSGN group.